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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (1,750,911) $ (2,557,531)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 339 347
Stock based compensation 797,761 1,130,071
Change in fair value of the derivative liability (343,857) 250,241
Gain on sale of marketable securities (4,435) (4,047)
Amortization of debt discount 11,370
Loss on settlement of accounts payable 99,541
Changes in operating assets and liabilities    
Prepaid expenses 40,044 11,143
Accounts payable and accrued expenses 662,158 98,588
NET CASH USED IN OPERATING ACTIVITIES (487,990) (1,071,188)
CASH FLOWS FROM INVESTING ACTIVITIES    
Sale of marketable securities 250,000 3,790,000
Purchase of marketable securities (2,744,338)
NET CASH PROVIDED BY INVESTING ACTIVITIES 250,000 1,045,662
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from convertible notes 420,000
Proceeds from convertible notes - related party 250,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 670,000
Effect of exchange rate on cash and cash equivalents 4,127 (11,675)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 436,137 (37,201)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 362,486 399,687
CASH AND CASH EQUIVALENTS, END OF PERIOD 798,623 362,486
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest expense
Cash paid for income taxes
NONCASH FINANCING AND INVESTING TRANSACTIONS    
Unrealized (gain) loss on marketable securities 4,823 (6,250)
Debt discount from beneficial conversion feature 252,000
Debt discount from beneficial conversion feature - related party 150,000
Issuance of options for settlement of accounts payable $ 29,950