Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows (Unaudited)

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Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ (2,118,302) $ (4,232,377)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of debt discount 436,593 495,438
Depreciation and amortization 1,746 1,696
Impairment loss on equity method investee 268,002
Loss on equity investment (126,845) (59,541)
Loss on change in fair value of derivative liability (430,692) (2,687,449)
Interest expense recognized for the excess of fair value of derivative liability over net book value of notes payable at issuance 206,094
Loss on share inducement and settlement of warrant liability 138,885 436,282
Share-based compensation 6,000 254,200
Unrealized Loss on trading securities (13,945) (135,000)
Changes in operating assets and liabilities:    
Accounts receivable (5,443) 31,118
Inventories (12,787) 44,677
Prepaid expenses and other current assets 34,329 62,591
Accounts payable (78,764) 69,278
Accrued expenses and other current liabilities (12,881) 24,781
Right-of-use assets 3,399
Right-of-use liabilities 3,399
Net cash provided by (used in) operating activities (597,243) (207,098)
Cash flows from investing activities:    
Purchase of property and equipment 1,271 2,332
Purchase of investments 290,260
Net cash provided by (used in) investing activities (1,271) (292,592)
Cash flows from financing activities:    
Proceeds from issuance of notes payable 442,000 649,575
Net cash provided by (used in) financing activities 442,000 649,575
Net increase (decrease) in cash (156,514) 149,885
Cash at beginning of period 211,765 359,577
Cash at end of period 55,251 509,462
Supplemental disclosure of cash flow information:    
Cash paid for interest
Cash paid for taxes
Non cash financing activities:    
Common stock issued in settlement of convertible notes payable 633,700 462,714
Reclassification of derivative liabilities to additional paid-in capital 659,160  
Common shares issued in settlement of legal case $ 956,251