Financial Information

Cash Flow

v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (Loss) $ (541,896) $ (1,028,131)
Adjustments to reconcile net (loss) to net cash (used) by operating activities    
Change in fair value of derivative liability (496,617)
Amortization of debt discount 181,309 81,558
Amortization and depreciation 41,891
Bad debt recovery (49,119)
(Gain) loss on discontinued operations and disposal (918,537)
Loss on settlement of notes and other payables 634,325
Stock compensation expense 458,850 162,741
Issuance of warrants for services
Common stock issued for services 498,930
Changes in Assets and Liabilities    
Trade accounts receivable (47,441) 216,870
Other receivables 2,250
Product deposit (90,200) (119,899)
Inventory 57,812 (217,530)
Other current assets (138,050)
Deferred revenue 15,348
Accounts payable and accrued expenses 208,426 (1,067)
Net cash (used) by operating activities of continuing operations (772,488) (315,689)
Net cash used in operating activities of discontinued operations 283,287
Net cash (used in) provided by operating activities (489,201) (315,689)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of subsidiary, net of cash received (148,555)
Proceeds from sale of legacy business 390,000
Net cash provided by (used in) investing activities 241,445
CASH FLOWS FROM FINANCING ACTIVITIES    
Investment in subsidiary by noncontrolling interest, net 127,048 63,378
Proceeds from notes payable 386,376
Proceeds from convertible note payable 550,000
Repayment of convertible note payable (100,000)
Repayment of notes payable (167,479) (250,463)
Proceeds from options exercise 4,080
Sale of common stock and warrants 673,245
Purchase of treasury stock (76,648)
Net cash provided by financing activities 513,649 695,888
Net increase in cash 265,893 380,199
Cash at beginning of the period 141,379 182,561
Cash at end of the period 407,272 562,760
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 4,383
Issuance of company stock for notes and other payables 242,192
Retirement of stock 460,000
Stock repurchase from shareholder 460,000
Conversion of liability as consideration on sale of legacy business 150,000
Conversion of equity invested in subsidiary to common stock and warrants 272,203
Reclassification of options, warrants and other contracts to derivative liabilities upon issuance 1,636,590
Warrants issued in relation to debt 533,691
Conversion of notes payable $ 310,752

Source