General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Cash Flows

v3.19.2
Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (2,217,114) $ (2,147,985) $ (4,024,222) $ (1,985,234)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 19,028 17,135 30,570 29,422
Amortization of debt discount 9,459    
Stock based compensation 359,062 262,687 650,271 242,146
Bad debt expense on note receivable and accrued interest 89,933 89,933
Change in fair value of derivative liability (17,385)    
Changes in assets and liabilities:        
Accounts receivable 170,225 83,201 181,960 (37,243)
Inventories 55,579 (58,637) 97,736 (329,598)
Deposits and other assets (118,168) (118,168) 32,045
Prepaid expenses 1,315 (78,376) (1,245) (2,919)
Accrued payroll and payroll related expenses 9,072 15,982 39,421 (20,239)
Accounts payable and accrued expenses (452,689) 44,902 (146,784) (9,003)
Accrued separation costs (4,500)    
Net cash used in operating activities (2,067,948) (1,889,326) (3,200,528) (2,080,623)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Increase in intangible assets (14,354) (20,328) (36,593) (19,408)
Net cash used in investing activities (14,354) (20,328) (36,593) (19,408)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from the issuance of common stock 245,000 1,244,037 4,138,435
Proceeds from the issuances of notes payable 1,550,000    
Proceeds from the issuances of a shareholder note payable 75,000    
Proceeds from the exercise of warrants     40,000
Net cash provided by financing activities 1,870,000 1,244,037 4,178,435
NET DECREASE IN CASH (212,302) (1,909,654) (1,993,084) 2,078,404
BEGINNING OF THE PERIOD 243,753 2,236,837 2,236,837 158,433
END OF THE PERIOD 31,451 327,183 243,753 2,236,837
SUPPLEMENTAL DISCLOSURES:        
Cash paid for interest 42,045 2,092 4,227 3,537
Cash paid for income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:        
Discount recognized on notes payable at issuance 83,300    
Conversion of accounts payable into restricted stock     44,700
Settlement of receivables with payables 47,597 80,000 301,799
Right to use assets funded through leases $ 26,298    
Purchases of inventory in accounts payable     $ 1,237,691