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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (598,159) $ (657,853)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 89 917
Stock based compensation 344,647 355,336
Change in fair value of the derivative liability (6,160) 117
Gain on sale of marketable securities (784)
Changes in operating assets and liabilities    
Prepaid expenses 52,250 36,250
Accounts payable and accrued expenses (50,892) (92,164)
NET CASH USED IN OPERATING ACTIVITIES (259,009) (357,397)
CASH FLOWS PROVIDED BYINVESTING ACTIVITIES    
Sale of marketable securities 1,635,000
Purchase of marketable securities (1,429,668)
NET CASH PROVIDED BY INVESTING ACTIVITIES 205,332
Effect of exchange rate on cash and cash equivalents (2,723) 1,995
NET DECREASE IN CASH AND CASH EQUIVALENTS (56,400) (355,402)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 399,687 3,100,398
CASH AND CASH EQUIVALENTS, END OF PERIOD 343,287 2,744,996
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest expense
Cash paid for income taxes
NONCASH TRANSACTIONS    
Unrealized gain on marketable securities $ (1,352)