XML 26 R6.htm IDEA: XBRL DOCUMENT v3.19.3
Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net loss $ (1,156,140) $ (797,419)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization expense 14,128 15,992
Amortization of note discount 346,088 20,420
Financing cost 26,275
Expenses paid by lendor 24,984
Changes in operating assets and liabilities:    
Investments, market testing (12) (524)
Accounts receivable (40) (2,346)
Advances, related party (1,500)
Prepaid expenses 16,682
Accounts payable 34,387 187,012
Accrued salary 4,122
Accrued interest 23,143 3,533
Accrued interest, related party 10,920
Unearned subscriptions 18,343 69,187
Other liabilities 296,060
Net cash used in operating activities (657,924) (188,781)
Cash flows from investing activities    
Purchases of property and equipment (1,587) (20,684)
Net cash used in investing activities (1,587) (20,684)
Cash flows from financing activities    
Common stock issued for cash 272,547 22,000
Proceeds from notes payable 175,684 248,015
Proceeds from convertible notes payable 473,725
Repayment of notes payable (225,214) (55,505)
Advances from others 11,100
Cash advances from related parties 93,442 122,000
Cash repayments to related parties (134,673) (99,071)
Net cash provided by financing activities 666,611 237,439
Net increase in cash 7,100 27,974
Cash - beginning of period 28,001 8,155
Cash - end of period 35,101 36,129
Supplemental disclosure- Non-cash investing and financing activities:    
Acquisition of equipment in exchange for note payable 8,309
Discount on notes payable 52,845
Lease, right of use and liability 160,073
Discount on convertible notes payable 473,725
Common stock issued in settlement of accrued expenses $ 128,000