XML 15 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Net cash provided by (used in) operating activities: $ (325,120) $ (207,426)
Cash flows from investing activities:    
Investment in equipment (47,686) (7,081)
Investment in patents (20,446) (3,985)
Net cash used in investing activities (68,132) (11,066)
Cash flows from financing activities:    
Proceeds from private placement offering 421,875
Proceeds from convertible note payable – related party 262,500
Net cash provided by financing activities 684,375
Net change in cash 291,123 (218,492)
Cash and cash equivalents at beginning of period 21,138 318,556
Cash and cash equivalents at end of period 312,261 100,064
Supplemental disclosure of cash flow information    
Cash paid for interest
Cash paid for income taxes
Noncash transactions:    
Conversion of accounts payable – related party to convertible note payable – related party 144,426
Conversion of notes payable – related party to convertible note payable – related party $ 384,555