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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (4,451,586) $ (22,038,342)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 599,240 522,995
Amortization of debt discount 558,840 627,755
Share based compensation 1,734,016 846,370
Impairment loss on inventory 0 11,738,413
Impairment loss on property and equipment 0 177,626
Loss from change in value of derivatives 20,652 116,815
Gain on early extinguishment of debt 0 (188,164)
Changes in operating assets and liabilities:    
Increase in prepaid expenses and other current assets (604,766) (159,175)
Increase in inventory (2,674,313) (9,765,663)
(Increase) decrease in accounts receivable (11,934,721) 240,682
(Increase) decrease in other assets (8,333) 155,175
Increase (decrease) in accounts payable and accrued liabilities 4,695,873 (2,176,064)
Increase in other liabilities (214,296) 0
(Decrease) increase in accrued interest payable (657,951) 434,318
Net cash provided by (used in) operating activities (12,937,345) (19,467,259)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment 0 (132,366)
Technology development (394,962) (290,376)
Net cash used in investing activities (394,962) (422,742)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable 2,500,000 8,272,375
Payments on notes payable (1,397,098) 0
Net proceeds from lines of credit 10,842,623 2,097,755
Net proceeds from sale of common stock 0 10,780,080
Net cash (used in) provided by financing activities 11,945,525 21,150,210
NET CHANGE IN CASH (1,386,782) 1,260,209
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD 3,515,887 6,726,282
CASH AND RESTRICTED CASH AT END OF PERIOD $ 2,129,105 $ 7,986,491