Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

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Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net income for the period $ (13,562,446) $ 5,157,717
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 45,768 54,253
Common stock issued in exchange for fees and services 210,521 0
Derivative expense 5,400,559 0
Loss on change in derivative liabilities 452,090 0
Loss on investment, net 1,458,037  
Stock based compensation 3,921,276 837,500
Changes in operating assets and liabilities    
Note receivable 0 2,561
Accounts receivable (2,868,093) (1,566,811)
Inventory 81,530 (335,869)
Prepaid expense and other current assets (629,032) (3,580)
Operating lease right of use assets and liabilities (67,839) 0
Accounts payable and other liabilities 878,066 (61,879)
Net cash used from operating activities (4,679,562) 4,083,892
Cash flows from investing activities    
Purchase of fixed assets (7,312) 0
Sale of assets 0 16,187
Short term debt 0 (58,280)
Issuance of notes receivable (632,053) 0
Investment proceeds 0 (5,260,840)
Net cash used in investing activities (639,365) (5,302,933)
Cash flows from financing activities    
Proceeds from issuance of common stock, net of issuance costs 19,600,000 1,000,000
Proceeds for exercise of common stock purchase warrants, net of issuance costs 601,726 0
Net cash earned for financing activities 20,201,726 1,000,000
Net decrease in cash and cash equivalents 14,882,799 (219,041)
Cash and cash equivalents - beginning of period 321,788 748,715
Cash and cash equivalents - end of period $ 15,204,587 $ 529,674