Cash Flow

v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities    
Net loss $ (1,448,899) $ (1,380,698)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and Amortization 51,110 67,643
Fair value of shares issued for services 442,685 429,255
Fair value of stock-based compensation 213,582
Fair value of warrants issued with note payable 0 16,691
Change in fair value of derivative liabilities (41,324) (467,805)
Prepaid expense 45,206 64,165
Accounts receivable (222) 0
Accounts payable and accrued liabilities 302,462 468,589
Net cash used in operating activities (435,400) (802,161)
Cash Flows from Financing Activities    
Proceeds from issuance of common stock 415,000 500,000
Proceeds from issuance of notes payable 0 50,000
Proceeds from the exercise of warrants 18,500 65,800
Net cash provided by financing activities 433,500 615,800
Net decrease in cash (1,900) (186,361)
Cash, beginning of period 5,047 193,014
Cash, end of period 3,147 6,653
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

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