Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
|
3 Months Ended |
Mar. 31, 2018 |
Mar. 31, 2017 |
| Cash Flows from Operating Activities |
|
|
| Net loss |
$ (531,302)
|
$ (681,354)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization |
86,696
|
29,391
|
| Amortization of debt discount |
3,677
|
3,635
|
| Common stock payable for services |
43,836
|
|
| Fair value of options vested |
|
387,855
|
| Expenses paid on behalf of Company |
|
610
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
(9,677)
|
4,018
|
| Inventory |
1,670
|
(46,062)
|
| Prepaid expenses |
5,787
|
206
|
| Deposits |
|
9,847
|
| Accrued expenses |
82,464
|
16,851
|
| Accrued expenses - related party |
8,528
|
2,771
|
| Accounts payable |
(26,679)
|
(8,494)
|
| Net cash used in operating activities |
(335,000)
|
(280,726)
|
| Cash Flows from Investing Activities |
|
|
| Purchase of fixed assets |
(3,900)
|
(556)
|
| Purchase of intangible assets |
|
(75,000)
|
| Net cash used in investing activities |
(3,900)
|
(75,556)
|
| Cash Flows from Financing Activities |
|
|
| Proceeds from notes payable |
262,500
|
|
| Proceeds from convertible notes payable |
100,000
|
|
| Repayment of notes payable |
(20,000)
|
|
| Repayment of notes payable - related parties |
(5,000)
|
(31,110)
|
| Common stock issued for cash |
55,000
|
425,000
|
| Net cash provided by financing activities |
392,500
|
393,890
|
| Net change in cash |
53,600
|
37,608
|
| Cash and cash equivalents at beginning of period |
7,838
|
21,078
|
| Cash and cash equivalents at end of period |
61,438
|
58,686
|
| Supplemental Cash Flow Information |
|
|
| Cash paid for interest |
4,875
|
5,532
|
| Cash paid for Income taxes |
|
|
| Non-cash investing and financing activities: |
|
|
| Beneficial conversion feature |
58,401
|
|
| Extinguishment of notes payable |
250,000
|
|
| Intangibles acquired for accounts payable |
|
$ 75,000
|