XML 19 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES    
Net Loss $ (3,880,505) $ (2,932,283)
Noncash Expenses:    
Depreciation and Amortization 143,587 137,154
Stock Based Compensation 793,492 506,994
Loss on Write-off of Asset 36,733
(Gain) on Change in Derivative Balance (93,206)
Original Issue Discount Amortization 74,794
Debt Discount Amortization 56,441
Change in assets and liabilities:    
Accounts Receivable (7,501) 182,511
Interest Receivable 36,154
Inventory (21,280) (1,666)
Prepaid Assets (25,486) (13,840)
Accounts Payable 169,520 2,572
Deferred Revenue 18,550 35,680
Accrued Expenses 40,797 94,455
NET CASH USED IN OPERATING ACTIVITIES (2,695,939) (1,950,394)
INVESTING ACTIVITIES    
Purchase of Property and Equipment (55,147) (16,381)
Purchase of Intangible Assets (107,152) (37,498)
Advance of Funds for Note Receivable (775,267)
Payment received from Note Receivable 632,197
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 469,898 (829,146)
FINANCING ACTIVITIES    
Gross Proceeds from issuance of Common Stock and Warrants 2,040,100 5,823,300
Offering Costs Paid (443,700) (750,664)
Dividend on Preferred (7,486)
NET CASH PROVIDED BY FINANCING ACTIVITIES 2,938,914 5,072,636
NET CHANGE IN CASH FOR PERIOD 712,873 2,293,096
CASH AT BEGINNING OF PERIOD 1,515,674 398,391
CASH AT END OF PERIOD 2,228,547 2,691,487
Noncash investing & financing activities disclosure:    
Conversion of Convertible Debt for Stock (50,000)
Common Stock issued for Conversion of Series B Preferred 1,100
Common Stock issued for Cashless Exchange of Warrants 5
Interest 12,205 50,418
Income Taxes
Series B Convertible Preferred Stock and Warrants [Member]    
FINANCING ACTIVITIES    
Proceeds from issuance of Convertible Preferred stock & Warrants 1,000,000
Series C Convertible Preferred Stock and Warrants [Member]    
FINANCING ACTIVITIES    
Proceeds from issuance of Convertible Preferred stock & Warrants $ 350,000