Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

v3.10.0.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (5,559,700) $ (1,813,752)
Adjustment to reconcile net loss to net cash used in operating activities:    
Amortization of debt discounts 1,546,009 1,324,265
Amortization of lease asset 8,000 0
Common stock issued for officer bonus 514,916 194,700
Common stock issued for consulting expense 33,300 127,400
Common stock issued for board of director services 8,000 0
Common stock issued for standstill fees 0 98,849
Gain on settlement of accounts payable (322,133) (529,132)
Gain on sale of assets (18,300) 0
Loss on extinguishment of debt 0 27,430
(Gain) loss on change in fair value of derivative liabilities 0 (4,620,866)
Changes in operating assets and liabilities:    
Customer deposits from related party 0 100,000
Increase in right to use assets (36,000) 0
Increase in accounts payable (796,908) 840,896
Increase in accrued expenses 1,847,087 1,267,939
Net Cash Used in Operating Activities (2,775,728) (2,982,271)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of fixed assets 18,300 0
Net Cash Provided by Investing Activities 18,300 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on debt, net of original issue discounts 482,500 0
Borrowings on related party convertible debt, net of face discounts and lender fees 2,284,800 2,836,680
Payments on convertible debt 0 (25,000)
Borrowings on related party debt 36,600 130,010
Payments on related party debt (32,500) (48,090)
Net Cash Provided by Financing Activities 2,771,400 2,893,600
NET CHANGE IN CASH AND CASH EQUIVALENTS 13,972 (88,671)
CASH AND CASH EQUIVALENTS - beginning of period 11,773 100,444
CASH AND CASH EQUIVALENTS - end of period 25,745 11,773
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 0 0
Cash paid for income taxes 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Beneficial conversion feature on convertible debt – related party 1,907,655 1,170,918
Noncash Activity, Debt Discounts 0 1,095,215
Third party convertible debt assigned to related party 0 907,100
Reclassification of derivatives to equity upon conversion 0 1,655,656
Reclassification of derivatives to equity upon release from tainting 0 12,847,304
Common stock issued 0 1,000,000
Accrued cash structuring fees 0 124,760
Stock Issued for Conversion of Related Party Debt and Accrued Interest [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for related party debt 1,534,907 1,705,679
Stock Issued for Debt and Accrued Interest [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued 0 791,007
Stock Issued for Related Party Note [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for related party debt $ 0 $ 99,970