Cash Flow

v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES:    
Net loss $ (1,678,290) $ (1,123,394)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on derivative liability (753,798)
Depreciation 11,847 8,772
Loss on disposal of property, plant, and equipment 8,417
Amortization expense of intangible assets 73,000 73,000
Amortization expense of debt discount 436,962
Stock based compensation 1,023,496 633,609
Changes in current assets and liabilities:    
Accounts receivable 65,656 236,150
Inventory 344,643 (23,047)
Prepaid expenses and other current assets 12,254 30,241
Accounts payable and accrued expense (96,429) (122,936)
Due from related party 653 44,384
Net cash used in operating activities (234,753) (560,057)
INVESTING ACTIVITIES:    
Cash received from sale of vehicle 60,000
Cash paid on fixed assets (1,930) (675)
Net cash provided by (used) in investing activities 58,070 (675)
FINANCING ACTIVITIES:    
Proceeds from related party convertible note payable 250,000
Proceeds from bank line of credit 250,000
Net cash provided by financing activities 500,000
NET INCREASE (DECREASE) IN CASH 323,317 (560,732)
CASH, beginning of period 615,375 2,015,214
CASH, end of period 938,692 1,454,482
Cash paid during the quarters ended March 31:    
Interest 68,389
Cash paid for income taxes

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