Condensed Statements of Cash Flows - USD ($)
|
6 Months Ended |
Jun. 30, 2018 |
Jun. 30, 2017 |
| Cash Flows from Operating Activities |
|
|
| Net loss |
$ (4,672,075)
|
$ (2,173,414)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization |
30,204
|
30,964
|
| Common stock, options and warrants issued for services |
749,749
|
306,184
|
| Interest on discount of convertible debt |
0
|
711,472
|
| Imputed interest on promissory notes |
0
|
1,480
|
| Amortization of debt discount |
5,822
|
0
|
| Changes in operating assets and liabilities: |
|
|
| Increase in accounts receivable |
(4,920)
|
0
|
| Increase in prepaid expenses |
(251,428)
|
(4,200)
|
| Increase in inventory |
(87,530)
|
(93,316)
|
| Increase in other assets |
(4,304)
|
(272)
|
| Decrease in accounts payable and accrued liabilities |
(96,838)
|
(157,618)
|
| Net cash used in operating activities |
(4,331,320)
|
(1,378,720)
|
| Cash Flows from Investing Activities: |
|
|
| Purchases of fixed assets |
0
|
(7,862)
|
| Net cash used in investing activities |
0
|
(7,862)
|
| Cash Flows from Financing Activities |
|
|
| Proceeds from issuance of common stock, net of fees |
0
|
8,590,700
|
| Repayment of notes payable |
0
|
(50,000)
|
| Proceeds from senior secured convertible promissory notes, net of fees |
935,300
|
225,000
|
| Net cash provided by financing activities |
935,300
|
8,765,700
|
| Net Increase/(Decrease) in cash |
(3,396,020)
|
7,379,118
|
| Cash, beginning of period |
5,601,878
|
144,953
|
| Cash, end of period |
2,205,858
|
7,524,071
|
| Supplemental disclosures: |
|
|
| Interest paid |
0
|
0
|
| Income tax paid |
0
|
0
|
| Supplemental disclosures of non-cash Items: |
|
|
| Discount on convertible notes |
$ 587,541
|
$ 225,000
|