Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (1,001,746) $ (38,335,521)  
Adjustments to reconcile net loss to cash flows used in operating activities:      
Depreciation and amortization 3,446 8,389  
Bad debt expense 15,750  
Non cash interest 9,363,244  
Amortization of debt discount 375,854 339,538  
Stock based compensation 176,820 111,843  
Change in fair value of derivative liabilities 28,161,673  
Changes in operating assets and liabilities:      
Accounts receivable (9,500) (21,000)  
Prepaid expenses and other current assets 6,982 3,638  
Accounts payable and accrued expenses 96,383 (107,286)  
Settlement payable (15,000) (255,000)  
Deferred revenue (58,524) (106,727)  
Net cash used in operating activities (409,535) (837,209)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from sale of common stock 150,000 940,000  
Proceeds from notes payable 250,000  
Proceeds from convertible notes payable 1,660,000  
Repayments of notes payable (172,748)  
Net cash provided by financing activities 400,000 2,427,252  
Net (decrease) increase in cash and restricted cash (9,535) 1,590,043  
Cash, beginning of the period 11,342 92,455 $ 92,455
Cash and restricted cash, end of period 1,807 1,682,498 $ 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 payoff of note payable 262,271  
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