Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities    
Net loss $ (408,488) $ (784,180)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and Amortization 18,184 22,816
Fair value of shares issued for services 268,000
Fair value of stock-based compensation 70,795 368,570
Change in fair value of derivative liabilities (104,739) (181,947)
Prepaid expense 27,737 29,336
Accounts payable and accrued liabilities 125,720 32,735
Net cash used in operating activities (2,791) (512,670)
Cash Flows from Financing Activities    
Proceeds from issuance of common stock 500,000
Net cash provided by financing activities 500,000
Net increase (decrease) in cash (2,791) (12,670)
Cash, beginning of period 5,047 193,014
Cash, end of period 2,256 180,344
Supplemental disclosure of cash flow information:    
Advances applied to accrued settlement $ 200,000