XML 31 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net loss $ (2,133,281) $ (2,340,280)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 7,701 9,039
Bad debt expense 28,307 (7,223)
Amortization of deferred financing costs 183,851 232,609
Amortization of beneficial conversion option 70,718 202,220
Amortization of right of use asset 41,310
Stock issued for services 87,500 57,500
Stock options compensation 200,115 249,025
Amortization of original issue discount on notes 11,931
Changes in operating assets and liabilities:    
Accounts receivable (222,139) 167,299
Prepaid expenses and other current assets 24,099 (45)
Right of use asset (138,549)
Accounts payable and accrued expenses 62,896 (97,034)
Lease liability, current and long-term 100,715
Deferred compensation (48,000) (48,000)
Accrued interest, current and long-term 710,203 401,994
Deferred revenues 30,454 15,489
Total adjustments 1,151,112 1,182,873
Net cash used in operating activities (982,169) (1,157,407)
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:    
Payment of deferred financing costs (130,841)
Proceeds from notes payable 900,000
Proceeds from notes payable - related parties 350,000 400,000
Repayment of notes payable - related parties (46,807) (45,633)
Net cash provided by financing activities 303,193 1,123,526
Net decrease in cash (684,465) (37,291)
Cash - beginning of period 1,088,630 1,125,921
Cash - end of period 404,165 1,088,630
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest and taxes 7,706 34,852
Supplemental disclosure of non-cash financing activities:    
Discount on notes payable for beneficial conversion feature 57,661
Discount on notes payable - related parties for beneficial conversion feature 24,710
Discount on notes payable for warrants 44,548
Discount on notes payable - related parties for warrants $ 19,799