XML 54 R7.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (2,543,868) $ (2,392,434)
Adjustments to Reconcile Net loss to Net Cash Used in Operating Activities:    
Depreciation and Amortization 30,018 51,816
Common Stock Issued for Services 217,500 206,250
Gain on Sale of Fixed Assets 0 (16,260)
Compensation Expense Related to Grant of Stock Options 12,092 13,026
Amortization of Debt Discount 524,925 651,638
(Increase) decrease in:    
Accounts Receivable 220,875 (787,746)
Prepaid Expenses and Other Current Assets (490,264) (315,285)
Inventory (3,670) 1,609,828
Deposits 48,672 51,047
Increase (decrease) in:    
Accounts Payable (654,814) 259,938
Accrued Expenses (225,268) 31,880
Convertible Note Payable Issued in Lieu of Salary - Related Party 35,417 37,500
Sales Tax Payable 133,211 46,579
Deferred Revenue (749,108) 143,088
NET CASH USED IN OPERATING ACTIVITIES (3,444,282) (409,135)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment (9,977) 0
Sale of equipment 0 50,267
Funding of patent costs (41,554) (56,065)
NET CASH USED IN INVESTING ACTIVITIES (51,531) (5,798)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Sale of Common Stock 0 290,000
Payments of Offering Costs Related to Sale of Common Stock 0 (12,000)
Borrowings (Repayments) on Convertible Line of Credit, Net (960,000) (626,220)
Repayments of Convertible Notes Payable, Net (1,650,616) (9,000)
Borrowings (Repayments) of Note Payable (862,500) 750,000
Repayments of Auto Loan (7,843) (8,185)
Payments of loan offering costs 0 (5,000)
Payments of Deferred Equity Offering Costs (1,175,852) (113,197)
Fractional Share Payments (171) 0
Proceeds from Issuance of Common Stock and Warrants, Pursuant to Public Offering 13,201,000 0
NET CASH PROVIDED BY FINANCING ACTIVITIES 8,544,018 266,398
NET INCREASE (DECREASE) IN CASH 5,048,205 (148,535)
CASH AT BEGINNING OF PERIOD 244,024 403,475
CASH AT END OF PERIOD 5,292,229 254,940
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 363,899  
Cash paid for income tax 3,100  
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Recording of debt discount 3,967  
Transfer of prepaid asset to inventory 541,307  
Recording of right of use asset and corresponding liability 872,897  
Depreciation capitalized into inventory 19,976  
Reclassification of deferred equity offering costs to APIC 195,027  
Recording of payment premium on note payable $ 0 $ 37,500