Cash Flow

v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash from operating activities:    
Net Loss $ (744,842) $ (3,737,959)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 71,318 36,519
Gain on settlement of debt (64,647)
Stock based compensation 403,070
Stock issued for services 40,000
Interest expense related to debt discounts of notes payable 3,064,086
Warrant derivative gain (1,901,219)
Changes in assets and liabilities:    
Accounts receivable (1,093,143) (326,160)
Contract assets 76,228 131,587
Prepaid expenses and other current assets 58,934 207,936
Accounts payable 168,692 622,946
Accounts payable-related party 875 1,238
Payroll taxes payable 50,671 734,190
Accrued expenses 17,523 455,780
Contract liabilities 1,057,747 23,221
Deferred revenue (159,532) (333,626)
Net cash used in operating activities (92,459) (1,046,108)
Cash flows from investing activities:    
Software development costs (60,000)
Purchase of patents/trademarks (5,500)
Purchase of fixed assets (157,804) (22,549)
Net cash used in investing activities (223,304) (22,549)
Cash flows from financing activities:    
Bank overdraft 688
Repayments of line of credit (2,997)
Repayments of related party notes (48,215) (19,911)
Repayments of insurance and equipment financing (197,792) (153,496)
Repayments of notes payable (172,500)
Proceeds from warrants exercised 195,000
Proceeds of notes payable, net of 185,250 cash fees 1,239,750
Net cash (used in) provided by financing activities (54,004) 894,531
Net decrease in cash (369,767) (174,126)
Cash, beginning of period 1,941,818 174,376
Cash, end of period 1,572,051 250
Supplemental Disclosure of Cash Flow Information:    
Interest paid 7,411 110,919
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 1,571,250
Note issued for financing of insurance premiums $ 217,173 $ 208,201

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