Cash Flow

v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash from operating activities:    
Net Loss $ (1,377,467) $ (3,613,093)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 43,714 24,599
Gain on settlement of debt (64,647)
Stock based compensation 403,070
Stock issued for services 15,000
Interest expense related to debt discounts of notes payable 1,607,026
Warrant derivative loss 287,327
Changes in assets and liabilities:    
Accounts receivable (453,476) (11,503)
Contract assets 83,872 191,504
Prepaid expenses and other current assets (150,340) 123,750
Accounts payable 351,832 190,335
Accounts payable-related party 2,000 4,198
Payroll taxes payable 28,942 526,861
Accrued expenses (54,781) 123,779
Contract liabilities 1,568,554 47,133
Deferred revenue (250,175) (300,532)
Net cash provided by (used in) operating activities 195,745 (848,263)
Cash flows from investing activities:    
Software development costs (60,000)
Purchase of patents/trademarks (1,000)
Purchase of fixed assets (134,814) (22,009)
Net cash used in investing activities (195,814) (22,009)
Cash flows from financing activities:    
Repayments of line of credit (1,305)
Repayments of related party notes (48,215) (17,791)
Repayments of insurance and equipment financing (138,633) (94,960)
Repayments of notes payable (172,500)
Proceeds of notes payable, net of 152,750 cash fees 1,022,250
Net cash (used in) provided by financing activities (188,153) 736,999
Net decrease in cash (188,222) (133,273)
Cash, beginning of period 1,941,818 174,376
Cash, end of period 1,753,596 41,103
Supplemental Disclosure of Cash Flow Information:    
Interest paid 5,327 109,884
Supplemental Non-Cash Investing and Financing Activities:    
Common stock issued for accrued BOD fees 73,708
Accrued interest forgiven related to note payable settlement 20,697
Debt discount related to notes payable 1,295,592
Note issued for financing of insurance premiums $ 198,548 $ 189,136

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