Registration of securities issued in business combination transactions

Condensed Consolidated Statements of Cash Flows

v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (1,047,864) $ (450,836) $ (1,985,234) $ (1,783,705)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 9,605 7,401 29,422 29,101
Stock based compensation 129,625 39,250 242,146 230,833
Bad debt expense on note receivable and accrued interest 89,036    
Changes in assets and liabilities:        
Accounts receivable (86,043) (17,378) (37,243)
Inventories 112,191 (30,907) (329,598) (10,827)
Deposits and other assets (117,271) 32,219 32,045 (35,161)
Prepaid expenses 990 2,318 (2,919) (17,386)
Accrued payroll and payroll related expenses 32,926 18,410 (20,239) 269,638
Accounts payable and accrued expenses (61,491) 56,234 (9,003) 60,736
Net cash used in operating activities (938,296) (343,289) (2,080,623) (1,256,771)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Increase in intangible assets (5,238) (6,463) (19,408) (29,206)
Net cash used in investing activities (5,238) (6,463) (19,408) (29,206)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from the issuance of common stock 289,000 4,138,435 1,121,000
Proceeds from the exercise of warrants     40,000
Net cash provided by financing activities 289,000 4,178,435 1,121,000
NET INCREASE (DECREASE) IN CASH (943,534) (60,752) 2,078,404 (164,977)
CASH AT THE BEGINNING OF THE PERIOD 2,236,837 158,433 158,433 323,410
CASH AT THE END OF THE PERIOD 1,293,303 97,681 2,236,837 158,433
NON-CASH INVESTING AND FINANCING ACTIVITIES:        
Conversion of accrued payroll and payroll related expenses into stock options     227,784
Conversion of accounts payable into stock options     66,445
Conversion of accounts payable into restricted stock     44,700
SUPPLEMENTAL DISCLOSURES:        
Cash paid for interest 881 707 3,537 2,925
Cash paid for income taxes