Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities    
Net loss $ (1,380,698) $ (3,120,197)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and Amortization 67,643 86,490
Fair value of stock-based compensation 429,255 714,882
Change in fair value of derivative liabilities (467,805) (580,492)
Fair value of warrants issued with note payable 16,691
Prepaid expense 64,165 112,874
Accounts payable and accrued liabilities 468,589 1,002,864
Net cash used in operating activities (802,161) (1,783,579)
Cash Flows from Financing Activities    
Repayment of convertible notes (10,000)
Payments on note payable (43,988)
Proceeds from issuance of common stock for cash 500,000 1,032,000
Proceeds from issuance of notes payable 50,000
Exercise of warrant 65,800
Net cash provided by financing activities 615,800 978,012
Net decrease in cash (186,361) (805,567)
Cash, beginning of period 193,014 1,666,914
Cash, end of period $ 6,653 $ 861,347