Cash Flow

v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities    
Net loss $ (1,068,422) $ (995,265)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and Amortization 34,827 45,306
Fair value of shares issued for services 442,685 0
Fair value of stock-based compensation 98,785 430,481
Change in fair value of derivative liabilities 58,057 (496,601)
Prepaid expense 32,073 49,672
Accounts payable and accrued liabilities 200,173 235,611
Net cash used in operating activities (201,822) (730,795)
Cash Flows from Financing Activities    
Proceeds from issuance of common stock 180,000 500,000
Proceeds from the exercise of warrants 18,500 55,800
Net cash provided by financing activities 198,500 555,800
Net decrease in cash (3,322) (174,995)
Cash, beginning of period 5,047 193,014
Cash, end of period 1,725 180,344
Supplemental disclosure of cash flow information:    
Extinguishment of derivative liability recorded as capital contribution 51,940 0
Advances applied to accrued settlement $ 200,000 $ 0

Source