XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities:    
Net (Loss) $ (1,318,873) $ (3,470,481)
Adjustments to Reconcile net (loss) to Net Cash Used In Operating Activities:    
Stock based compensation 148,125 2,401,000
Amortization of debt discount 46,505 202,753
Changes in assets and liabilities:    
Accounts receivable 0 (4,927)
Inventory 160 (25,498)
Prepaid and other current assets (10,000) 50,000
Accounts payable and accrued expenses 197,096 (20,974)
Accrued liabilities - related party 32,645 35,000
Net Cash Used In Operating Activities (904,342) (833,128)
Cash Flows from Investing Activities:    
Purchase of property and equipment (87,000) 0
Net Cash Used in Investing Activities (87,000) 0
Cash Flows from Financing Activities:    
Proceeds from convertible loan 200,000 0
Proceeds from related party 180,230 192,000
Repayments to related party (496,015) 0
Proceeds from sale of common stock 1,105,696 1,110,750
Cash flow provided by financing activities 989,911 1,302,750
Increase (Decrease) in Cash and Cash Equivalents (1,431) 469,622
Cash and Cash Equivalents - Beginning of period 16,624 31,273
CASH AND CASH EQUIVALENTS - END OF PERIOD 15,193 500,895
Supplemental cash flow information:    
Cash paid for interest 0 0
Cash paid for income taxes 0 0
Non-cash Investing & Financing Activities:    
Cancellation of common stock 22 0
Debt discount related to beneficial conversion feature 152,071 0
Common stock issued for notes payable and accrued liabilities - related party $ 0 $ 205,000