XML 17 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net loss $ (1,143,515) $ (1,307,960)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,007 4,578
Bad debt expense 4,121 (3,834)
Amortization of deferred financing costs 91,925 124,431
Amortization of beneficial conversion option 35,360 128,477
Amortization of right of use asset 20,655
Stock issued for services 87,500 57,500
Stock options compensation 124,620 124,310
Changes in operating assets and liabilities:    
Accounts receivable (42,280) 100,247
Prepaid expenses and other current assets 18,924 (61,445)
Right of use asset (138,549)
Accounts payable and accrued expenses (16,048) (10,068)
Lease liability, current and long-term 122,238
Deferred compensation (24,000) (24,000)
Other long-term liabilities 342,567 150,311
Deferred revenues (135,649) (100,139)
Total adjustments 495,391 490,368
Net cash used in operating activities (648,124) (817,592)
Cash flows from investing activities:    
Purchases of property and equipment (5,489) (3,410)
Net cash used in investing activities (5,489) (3,410)
Cash flows from financing activities:    
Repayment of notes payable - related parties (22,793) (23,947)
Net cash used in/provided by financing activities (22,793) (23,947)
Net decrease in cash (676,406) (844,949)
Cash - beginning of period 1,088,630 1,125,921
Cash - end of period 412,224 280,972
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest and taxes $ 4,405 $ 28,973