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

Condensed Consolidated Statements of Cash Flows

v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (3,076,873) $ (1,197,035) $ (1,985,234) $ (1,783,705)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 23,853 22,189 29,422 29,101
Stock based compensation 443,249 142,500 242,146 230,833
Bad debt expense on note receivable and accrued interest 89,933    
Changes in assets and liabilities:        
Accounts receivable (193,168) (276,303) (37,243)
Inventories 14,251 (43,963) (329,598) (10,827)
Deposits and other assets (118,168) (74,850) 32,045 (35,161)
Prepaid expenses (1,214) (229) (2,919) (17,386)
Accrued payroll and payroll related expenses 55,230 (25,720) (20,239) 269,638
Accounts payable and accrued expenses 50,752 55,979 (9,003) 60,736
Net cash used in operating activities (2,712,155) (1,397,432) (2,080,623) (1,256,771)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Increase in intangible assets (30,483) (16,137) (19,408) (29,206)
Net cash used in investing activities (30,483) (16,137) (19,408) (29,206)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from the issuance of common stock 704,375 4,013,456 4,138,435 1,121,000
Proceeds from the exercise of warrants 40,000 40,000
Net cash provided by financing activities 704,375 4,053,456 4,178,435 1,121,000
NET DECREASE (INCREASE) IN CASH (2,038,263) 2,639,887 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 198,574 2,798,320 2,236,837 158,433
SUPPLEMENTAL DISCLOSURES:        
Cash paid for interest 3,356 2,790 3,537 2,925
Cash paid for income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:        
Conversion of accounts payable into restricted stock 44,700 44,700
Settlement of receivables with payables 221,814    
Subscription receivable recognized for common shares issued $ 539,662    
Conversion of accrued payroll and payroll related expenses into stock options     227,784
Conversion of accounts payable into stock options     $ 66,445