Cash Flow

v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash from operating activities:    
Net Loss $ (743,104) $ (2,294,819)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 19,071 12,191
Gain on settlement of debt (64,647)
Stock and warrants issued for services 15,000
Amortization of debt discounts 844,988
Warrant derivative loss 582,388
Changes in assets and liabilities:    
Accounts receivable (1,115,965) (267,885)
Contract assets (184,494) 329,034
Prepaid expenses and other current assets 53,029 61,968
Accounts payable (22,436) 53,253
Accounts payable-related party 1,408
Payroll taxes payable 8,608 259,056
Accrued expenses (69,837) 52,233
Contract liabilities 522,172 1,503
Deferred revenue (94,957) (261,197)
Net cash used in operating activities (1,627,913) (675,526)
Cash flows from investing activities:    
Purchase of software (60,000)
Purchase of patents/trademarks (1,000)
Purchase of fixed assets (63,113) (16,266)
Net cash used in investing activities (124,113) (16,266)
Cash flows from financing activities:    
Proceeds from related party notes (13,612)
Repayments of line of credit (301)
Repayments of related party notes (48,215)
Repayments of insurance and equipment financing (74,435) (26,287)
Repayments of notes payable (172,500)
Proceeds of notes payable, net of $117,000 cash fees 783,000
Net cash (used) provided by financing activities (122,951) 570,601
Net decrease in cash (1,874,977) (121,191)
Cash, beginning of period 1,941,818 174,376
Cash, end of period 66,841 53,185
Supplemental Disclosure of Cash Flow Information:    
Interest paid 3,519 45,334
Supplemental Non-Cash Investing and Financing Activities:    
Common stock issues for accrued BOD fees 73,709
Accrued interest forgiven related to note payable settlement 20,697
Debt discount related to notes payable 992,369
Note issued for financing of insurance premiums $ 1,276,520

Source