Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss	$ (6,048,321)	$ (6,584,378)
Adjustments to reconcile net loss to cash flows used in operating activities:
Depreciation and amortization	29,413	7,353
Amortization of discount on royalty obligation	358,882
Bad debt expense	2,400	24,750
Interest expense paid with common stock	21,000
Amortization of debt discount	783,650	1,530,470
Amortization of right-of-use asset	67,091
Impairment of licensing agreement		250,000
Loss on sale of fixed assets	1,902
Stock based compensation	1,965,703	2,807,157
Common stock issued with loan extension		12,000
Gain on settlement of debt		(847)
Changes in operating assets and liabilities:
Accounts receivable	4,850	(2,800)
Other receivable	(186,668)
Prepaid expenses	(181,825)	(18,248)
Accounts payable and accrued expenses	473,490	385,616
deposits	(28,514)
Lease liabilities	(21,420)
Settlement payable		(15,000)
Deferred revenue	(178,760)	(221,696)
Net cash used in operating activities	(2,937,127)	(1,825,623)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of patent		(15,200)
Purchase of intellectual property		(10,000)
Purchase of equipment	(122,593)	(30,747)
Proceeds from sale of property and equipment	800
Net cash used in investing activities	(121,793)	(55,947)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sale of common stock	100,000	1,400,000
Proceeds from common stock subscription and royalty agreement	6,000,000
Proceeds from notes payable		750,000
Repayment of notes payable	(675,000)
Net cash provided by financing activities	5,425,000	2,150,000
Net increase in cash	2,366,080	268,430
Supplemental disclosures of cash flow information:
Interest paid	61,397
Taxes paid
Non cash financing activities:
Record right to use assets per ASC 842, net of deferred rent	525,798
Record lease liability per ASC 842	526,559
Common stock issued in connection with conversion of notes payable	4,160,000
Common stock issued in connection with issuance of notes payable		61,750
Common stock issued to acquire intellectual property		226,000
Fair value of warrants issued in connection with notes payable		58,411
Reclassify fair value of warrant liability upon adoption of ASU 2017-11		175,975
Common stock issued to settle outstanding accounts payable		$ 29,653