v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,147,985) $ (833,879)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 17,135 14,801
Stock based compensation 262,687 84,250
Bad debt expense on note receivable and accrued interest 89,933
Changes in assets and liabilities:    
Accounts receivable 83,201 (7,554)
Inventories (58,637) 1,044
Deposits and other assets (118,168) 31,632
Prepaid expenses (78,376) 1,026
Accrued payroll and payroll related expenses 15,982 14,604
Accounts payable and accrued expenses 44,902 39,777
Net cash used in operating activities (1,889,326) (654,299)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Increase in intangible assets (20,328) (7,618)
Net cash used in investing activities (20,328) (7,618)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuance of common stock 582,000
Net cash provided by financing activities 582,000
NET DECREASE IN CASH (1,909,654) (79,917)
CASH AT THE BEGINNING OF THE PERIOD 2,236,837 158,433
CASH AT THE END OF THE PERIOD 327,183 78,516
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 2,092 1,717
Cash paid for income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Conversion of accounts payable into restricted stock 44,700
Settlement of receivables with payables $ 80,000

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