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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (1,065,943) $ (877,738)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 165 169
Stock based compensation 751,552 711,701
Change in fair value of the derivative liability (37,189) (275,900)
Gain on sale of marketable securities (4,435)
Amortization of debt discount 58,923
Modification of warrants 5,861
Changes in operating assets and liabilities    
Prepaid expenses 36,856 73,638
Accounts payable and accrued expenses (260,322) 95,759
NET CASH USED IN OPERATING ACTIVITIES (510,097) (276,806)
CASH FLOWS FROM INVESTING ACTIVITIES    
Sale of marketable securities 250,000
NET CASH PROVIDED BY INVESTING ACTIVITIES 250,000
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from PIK convertible notes 850,000
Proceeds from PIK convertible notes - related party 50,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 900,000
Effect of exchange rate on cash and cash equivalents (7,230) 3,864
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 382,673 (22,942)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 798,623 362,486
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,181,296 339,544
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
Debt discount from beneficial conversion feature 104,204
Issuance of options for settlement of accrued payroll $ 93,950