XML 66 R5.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Statement of Cash Flows [Abstract]    
Net Cash (used for) Operating Activities $ (973,554) $ (1,873,982)
Investing Activities    
Purchase of property and equipment (16,575) (160,590)
Purchase of Intangibles (1,814)
Net Cash (used for) Investing Activities (18,389) (160,590)
Financing Activities    
Cash received for Warrant Exercises 1,500,310
Cash received for Stock 2,400,000
Cash in Escrow received for Stock 2,325,000
Payments of operating leases (13,233)
Net Cash from Financing Activities 2,311,767 3,900,310
Net Change in Cash, Cash in Escrow, and Restricted Cash 1,319,824 1,865,738
Cash and Restricted Cash, Beginning of Year 1,091,374 1,041,569
Cash, Cash in Escrow, and Restricted Cash, End of Year 2,411,198 2,907,307
Non-Cash Financing and Investing Activities    
Property and equipment included in accounts payable 60,130
Convertible note principal and interest settled through warrant exercise 384,563
Executive Deferred Compensation settled through issuance of warrants 167,892
Net carrying value of convertible notes and accrued interest settled through issuance of stock (debt extinguishment) 1,750,963  
Accrued interest settled through issuance of stock 379,350
Debt discount warrant and derivative liability 107,611
Offering and debt issuance costs included in accounts payable 39,208
Offering proceeds receivable $ 1,500,000