v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,076,873) $ (1,197,035)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 23,853 22,189
Stock based compensation 443,249 142,500
Bad debt expense on note receivable and accrued interest 89,933
Changes in assets and liabilities:    
Accounts receivable (193,168) (276,303)
Inventories 14,251 (43,963)
Deposits and other assets (118,168) (74,850)
Prepaid expenses (1,214) (229)
Accrued payroll and payroll related expenses 55,230 (25,720)
Accounts payable and accrued expenses 50,752 55,979
Net cash used in operating activities (2,712,155) (1,397,432)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Increase in intangible assets (30,483) (16,137)
Net cash used in investing activities (30,483) (16,137)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuance of common stock 704,375 4,013,456
Proceeds from the exercise of warrants 40,000
Net cash provided by financing activities 704,375 4,053,456
NET DECREASE (INCREASE) IN CASH (2,038,263) 2,639,887
CASH AT THE BEGINNING OF THE PERIOD 2,236,837 158,433
CASH AT THE END OF THE PERIOD 198,574 2,798,320
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 3,356 2,790
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 221,814
Subscription receivable recognized for common shares issued $ 539,662

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