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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES        
Net Loss $ (123,307) $ (497,500) $ (1,001,045) $ (1,767,869)
Adjustments to reconcile net loss to net cash used in operating activities        
Depreciation expense     254 262
Stock based compensation     850,767 868,933
Change in fair value of the derivative liability (65,207) 474 (341,107) (17,748)
Gain on sale of marketable securities (4,435) (1,568)
Changes in operating assets and liabilities        
Prepaid expenses     73,867 30,589
Accounts payable and accrued expenses     83,129 124,005
NET CASH USED IN OPERATING ACTIVITIES     (338,570) (763,396)
CASH FLOWS PROVIDED BY INVESTING ACTIVITIES        
Sale of marketable securities     250,000 3,170,000
Purchase of marketable securities     (2,369,839)
NET CASH PROVIDED BY INVESTING ACTIVITIES     250,000 800,161
Effect of exchange rate on cash and cash equivalents     3,470 (4,520)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS     (85,100) 32,245
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD     362,486 399,687
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 277,386 $ 431,932 277,386 431,932
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION        
Cash paid for interest expense    
Cash paid for income taxes    
NONCASH TRANSACTIONS        
Unrealized (gain) loss on marketable securities     $ 4,823 $ (6,674)