Cash Flow

v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net loss $ (1,221,587) $ 11,303,922 $ (2,223,333) $ (27,031,599)  
Adjustments to reconcile net loss to cash flows used in operating activities:          
Depreciation and amortization     4,748 16,854  
Bad debt expense     12,250  
Non cash interest     9,363,244  
Amortization of debt discount     759,587 710,658  
Stock based compensation     605,210 355,979  
Gain on settlement of debt (285,924) (285,924)  
Change in fair value of derivative liabilities (12,263,680) 15,897,993  
Changes in operating assets and liabilities:          
Accounts receivable     (18,300) (51,750)  
Prepaid expenses and other current assets     12,071 1,466  
Accounts payable and accrued expenses     25,696 (89,040)  
Settlement payable     (15,000) (270,000)  
Deferred revenue     (117,698) (277,521)  
Net cash used in operating activities     (954,769) (1,659,640)  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Purchase of equipment     (29,563)  
Net cash used in investing activities     (29,563)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from sale of common stock     150,000 940,000  
Proceeds from common stock subscriptions     1,150,000  
Proceeds from notes payable     250,000  
Proceeds from convertible notes payable     1,660,000  
Repayments of notes payable     (187,748)  
Net cash provided by financing activities     1,550,000 2,412,252  
Net increase in cash and restricted cash     565,668 752,612  
Cash, beginning of the period     11,342 92,455 $ 92,455
Cash and restricted cash, end of period $ 577,010 $ 845,067 577,010 845,067 $ 11,342
Supplemental disclosures of cash flow information:          
Interest paid     10,507  
Taxes paid      
Non cash financing activities:          
Reclassify fair value of debt derivative at note modification     30,806,073  
Common stock issued in connection with issuance of notes payable     25,500 220,000  
Reclassify fair value of warrant liability upon adoption of ASC 2017-11     $ 175,975  

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