Cash Flow

v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash from operating activities:    
Net Loss $ (3,737,959) $ (2,092,558)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 36,519 35,262
Gain on settlement of debt (64,647)
Stock issued for services 40,000 125,036
Interest expense related to debt discounts of notes payable 3,064,086 131,884
Amortization of stock based prepaid consulting fees 418,119
Loss related to warrants exchanged for stock 630
Warrant derivative gain (1,901,219)
Changes in assets and liabilities:    
Accounts receivable (326,160) (274,054)
Costs and estimated earnings on uncompleted contracts 131,587 76,686
Prepaid expenses and other current assets 207,936 108,347
Accounts payable 622,946 150,544
Accounts payable-related party 1,238 6,330
Payroll taxes payable 734,190 111,971
Accrued expenses 455,780 157,638
Contingent lawsuit liability (550,000)
Billings in excess of costs and earnings on uncompleted contracts 23,221 238,772
Deferred revenue (333,626) (162,955)
Net cash used in operating activities (1,046,108) (1,518,348)
Cash flows from investing activities:    
Purchase of patents/trademarks (70)
Purchase of fixed assets (22,549) (32,411)
Net cash used in investing activities (22,549) (32,481)
Cash flows from financing activities:    
Bank overdraft 688
Proceeds of advance payments-stock repurchase 140,000
Proceeds from related party notes 221,570
Repayments of related party notes (19,911) (97,182)
Repayments of insurance and equipment financing (153,496) (154,621)
Repayments of notes payable (172,500) (147,500)
Proceeds of notes payable, net of $185,250 cash fees 1,239,750 1,518,000
Net cash provided by financing activities 894,531 1,480,267
Net decrease in cash (174,126) (70,562)
Cash, beginning of period 174,376 140,129
Cash, end of period 250 69,567
Supplemental Disclosure of Cash Flow Information:    
Interest paid 110,919 125,687
Taxes paid 10,149
Supplemental Non-Cash Investing and Financing Activities:    
Common stock issued for prepaid consulting services 301,100
Increase in debt discount and paid-in capital for warrants issued with debt 509,303
Accrued interest forgiven related to note payable settlement 20,697
Debt discount related to notes payable 1,571,250 282,000
Note issued for financing of insurance premiums $ 208,201 $ 198,089

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