v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (1,002,868) $ (1,135,420)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Amortization 8,733 11,262  
Amortization of debt discount 297,656  
Stock based compensation 177,813 180,375  
Change in fair value of derivative liability 3,667  
Gain on modification of debt instruments (354,791)  
Changes in assets and liabilities:      
Accounts receivable 85,385 21,743  
Inventories 61,271 57,378  
Deposits and other assets (997)  
Prepaid expenses 12,841 914  
Accrued payroll and payroll related expenses 101,412 35,662  
Accounts payable and accrued expenses 43,288 (373,962)  
Accrued separation costs (2,250) (2,250)  
Net cash used in operating activities (568,840) (1,204,298)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Increase in intangible assets (9,272) (11,100)  
Net cash used in investing activities (9,272) (11,100)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from the issuances of convertible notes payable 770,000  
Payment of debt issuance costs (10,000)  
Repayment of convertible notes principal (150,000)  
Proceeds from the issuances of related party notes payable 1,000,000  
Proceeds from the issuance of common stock 45,000  
Net cash provided by financing activities 610,000 1,045,000  
NET INCREASE (DECREASE) IN CASH 31,888 (170,398)  
CASH AT THE BEGINNING OF THE PERIOD 19,303 243,753 $ 243,753
CASH AT THE END OF THE PERIOD 51,191 73,355 $ 19,303
SUPPLEMENTAL DISCLOSURES:      
Cash paid for interest 116,341 10,967  
Cash paid for income taxes  
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Settlement of receivables with payables 16,792 49,956  
Right to use assets funded through leases 2,882 30,813  
Discounts recognized on notes payable at issuance 765,732  
Extinguishment of derivative liability upon repayment of convertible note 78,200  
Revaluation of notes payable discounts due to modification of conversion price $ 534,623  

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