Consolidated Statements of Cash Flows - USD ($)
|
12 Months Ended |
Dec. 31, 2019 |
Dec. 31, 2018 |
| Cash Flows from Operating Activities |
|
|
| Net loss |
$ (479,073)
|
$ (1,175,320)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Accretion of discounts on convertible debentures and preferred stock |
212,982
|
156,894
|
| Bad debts |
13,835
|
5,396
|
| Change in fair value of derivative liabilities |
(572,954)
|
(57,041)
|
| Depreciation |
|
3,600
|
| Loss (gain) on settlement of debt |
23,324
|
(105,258)
|
| Shares issued for services |
6,000
|
45,413
|
| Stock-based compensation |
64,712
|
8,446
|
| Changes in operating assets and liabilities: |
|
|
| Accounts and other receivables |
(7,418)
|
24,172
|
| Inventory |
32,360
|
(34,472)
|
| Prepaid expenses and deposits |
4,484
|
71,618
|
| Restricted cash |
|
25,000
|
| Accounts payable and accrued liabilities |
176,142
|
(69,638)
|
| Deferred revenue, net |
(131,967)
|
(73,801)
|
| Net Cash Used in Operating Activities |
(657,573)
|
(1,174,991)
|
| Cash Flows from Investing Activities |
|
|
| Purchase of equipment |
|
(747)
|
| Net cash used in Investing Activities |
|
(747)
|
| Cash Flows from Financing Activities |
|
|
| Proceeds from issuance of preferred stock, net of offering costs |
175,000
|
|
| Repayment of notes payable |
|
(151,580)
|
| Proceeds from convertible debentures, net of offering costs |
290,750
|
|
| Proceeds from issuance of common stock |
135,000
|
1,294,593
|
| Net Cash Provided by Financing Activities |
600,750
|
1,143,013
|
| Effect of Foreign Exchange Rate Changes on Cash |
|
35,910
|
| Change in Cash |
(56,823)
|
3,185
|
| Cash, Beginning of Year |
56,823
|
53,638
|
| Cash, End of Year |
|
56,823
|
| Supplemental Disclosures: |
|
|
| Interest paid |
|
|
| Income taxes paid |
|
|
| Non-cash Investing and Financing Activities: |
|
|
| Deemed dividend for preferred stock |
102,088
|
|
| Original issue discount on convertible debt |
68,250
|
|
| Conversion of preferred stock and convertible debt |
92,287
|
|
| Discounts on convertible debt and preferred stock |
690,398
|
|
| Shares issued for services |
|
$ 77,402
|
| Shares issued for debenture conversion and accrued interest |
|
218,812
|
| Issuance of embedded conversion derivative liabilities |
|
$ 6,698
|