XML 15 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Net Cash flows used from operating activities:    
Net loss $ (564,231) $ (381,623)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expenses 674 445
Realized gain on sale of digital currencies (111,139)
Proceeds from sale of digital currencies 231,548
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (41,981) (597)
Accounts payable and accrued expenses 90,515 (6,930)
Accrued compensation 109,962
Net cash used in operating activities (405,061) (268,296)
Net cash used in investing activities:    
Purchase of property and equipment (2,598)
Net cash used in (provided by) investing activities (2,598)
Net cash provided by financing activities:    
Proceeds from exercise of warrants 228,370
Net proceeds from issuance of common stock 685,006
Net cash provided by financing activities 913,376
Net increase (decrease) in cash 508,315 (270,894)
Cash, beginning of period 52,117 303,334
Cash, end of period 560,432 32,440
Supplemental disclosure of non-cash financing and investing activities:    
Conversion of Series B Convertible Preferred Stock to common stock 5,175
Conversion of Series C-1 Convertible Preferred Stock to common stock 4,118
Fractional shares adjusted for reverse split 17
Deemed dividend $ 95,708