Consolidated Statements of Cash Flows - USD ($)
|
3 Months Ended |
12 Months Ended |
Mar. 31, 2019 |
Mar. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2017 |
| OPERATING ACTIVITIES: |
|
|
|
|
| Net loss |
$ (1,103,174)
|
$ (1,678,290)
|
$ (8,475,313)
|
$ (10,323,992)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
|
| Depreciation expense |
8,803
|
11,847
|
37,984
|
36,723
|
| Loss on disposal of property, plant, and equipment |
|
8,417
|
10,002
|
|
| Amortization expense of intangible assets |
73,000
|
73,000
|
292,000
|
292,000
|
| Noncash lease expense |
19,601
|
|
|
|
| Stock based compensation |
88,205
|
1,023,496
|
4,746,605
|
6,602,806
|
| Amortization expense of debt discount |
|
|
|
1,409,790
|
| Gain on derivative liability |
|
|
|
(1,831,635)
|
| Loss on debt extinguishment |
|
|
|
681,988
|
| Loss on inventory obsolescence |
|
|
565,406
|
6,366
|
| Changes in operating assets and liabilities: |
|
|
|
|
| Accounts receivable |
11,071
|
65,656
|
92,065
|
283,935
|
| Inventory |
(296,645)
|
344,643
|
118,366
|
(538,178)
|
| Prepaid expenses and other current assets |
(169,853)
|
12,254
|
13,395
|
17,606
|
| Operating lease obligations |
(19,274)
|
|
|
|
| Accounts payable and accrued expense |
(42,783)
|
(96,429)
|
279,665
|
(88,563)
|
| Due from related party |
(358)
|
653
|
(67,906)
|
125,132
|
| Net cash used in operating activities |
(1,431,407)
|
(234,753)
|
(2,387,731)
|
(3,326,022)
|
| INVESTING ACTIVITIES: |
|
|
|
|
| Cash received from sale of vehicle |
|
60,000
|
60,000
|
|
| Cash paid on fixed assets |
(30,761)
|
(1,930)
|
(5,279)
|
(73,817)
|
| Net cash provided by (used) in investing activities |
(30,761)
|
58,070
|
54,721
|
(73,817)
|
| FINANCING ACTIVITIES: |
|
|
|
|
| Proceeds from sale of common stock |
1,940,250
|
|
2,000,000
|
|
| Proceeds from related party convertible note payable |
|
250,000
|
1,000,000
|
1,000,000
|
| Proceeds from bank line of credit |
|
250,000
|
1,000,000
|
1,000,000
|
| Proceeds from related party promissory note |
|
|
100,000
|
|
| Repayment of related party promissory note |
|
|
(100,000)
|
|
| Net cash provided by financing activities |
1,940,250
|
500,000
|
4,000,000
|
2,000,000
|
| NET INCREASE IN CASH |
|
|
1,666,990
|
(1,399,839)
|
| CASH, beginning of period |
2,282,365
|
615,375
|
615,375
|
2,015,214
|
| CASH, end of period |
2,760,447
|
938,692
|
2,282,365
|
615,375
|
| Noncash investing and financing activities for the quarters ending March 31: |
|
|
|
|
| Stock issued for related party subscription note receivable |
17,500
|
|
|
|
| ROU assets and operating lease obligations recognized |
189,763
|
|
|
|
| Conversion of 2016 related party convertible notes payable |
|
|
3,088,705
|
|
| Conversion of 2017 related party convertible note payable |
|
|
2,015,370
|
|
| Conversion of Series A preferred stock to common stock |
|
|
|
25
|
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: |
|
|
|
|
| Interest |
33,095
|
68,389
|
$ 407,096
|
$ 86,750
|
| Income taxes |
|
|
|
|