Statements of Cash Flows - USD ($)
|
6 Months Ended |
Jul. 31, 2018 |
Jul. 31, 2017 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net loss for the period |
$ (875,749)
|
$ (91,101)
|
| Adjustments to reconcile net loss to net cash (used in) operating activities: |
|
|
| Depreciation Expense |
10
|
104
|
| Stock based compensation |
166,667
|
|
| Amortization of debt discount |
378,569
|
|
| Amortization of deferred financing costs |
40,268
|
|
| Change in derivative liability |
(38,437)
|
|
| Changes in assets and liabilities: |
|
|
| Increase (decrease) in accrued expenses |
(5,095)
|
(10,554)
|
| Increase in accrued interest |
43,865
|
6,825
|
| Increase in prepaid expenses |
(188,754)
|
|
| CASH FLOWS USED IN OPERATING ACTIVITIES |
(361,782)
|
(94,726)
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Investment in intellectual property |
(12,099)
|
(23,000)
|
| CASH FLOWS USED BY INVESTING ACTIVITIES |
(12,099)
|
(23,000)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
| Deferred financing costs |
(75,600)
|
|
| Proceeds from convertible note payable |
580,000
|
|
| Proceeds from promissory note payable |
|
115,000
|
| CASH FLOWS PROVIDED BY FINANCING ACTIVITIES |
504,400
|
115,000
|
| NET INCREASE (DECREASE) IN CASH |
90,519
|
(2,726)
|
| Cash, beginning of period |
19,525
|
2,726
|
| Cash, end of period |
53,425
|
|
| SUPPLEMENTAL CASH FLOW INFORMATION: |
|
|
| Interest paid |
|
|
| Income taxes paid |
|
|
| NON CASH TRANSACTIONS: |
|
|
| Shares issued for debt |
5,180
|
|
| Income taxes paid |
|
|