Condensed Statements of Cash Flows (Unaudited) - USD ($)
|
3 Months Ended |
Mar. 31, 2018 |
Mar. 31, 2017 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net income (loss) |
$ (5,006,903)
|
$ 4,516,324
|
| Adjustments to reconcile net income (loss) to net cash used for operating activities: |
|
|
| Non Cash Interest |
270,910
|
272,415
|
| (Gain) loss on extinguishment of debt |
6,958
|
(3,668,776)
|
| Change in value of derivatives |
745,855
|
(1,473,532)
|
| Shares issued for services |
5,280,660
|
210,000
|
| Increase / (decrease) in current liabilities: |
|
|
| Accounts payable and accrued expenses |
325,812
|
(14,155)
|
| Deferred revenue |
|
(4,785)
|
| Net cash used for operating activities |
(99,207)
|
(162,509)
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Proceeds from issuance of notes payable |
10,000
|
150,035
|
| Proceeds from sale of stock, net of offering costs |
148,773
|
7,000
|
| Net cash provided for financing activities |
158,773
|
157,035
|
| NET DECREASE IN CASH & CASH EQUIVALENTS |
59,566
|
(5,474)
|
| CASH & CASH EQUIVALENTS, BEGINNING BALANCE |
3,594
|
22,638
|
| CASH & CASH EQUIVALENTS, ENDING BALANCE |
63,160
|
17,164
|
| SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITY |
|
|
| Notes and accrued interest converted to common stock |
40,900
|
196,797
|
| Promissory notes issued for no cash consideration |
|
$ 152,820
|