XML 16 R5.htm IDEA: XBRL DOCUMENT 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 $ (21,602,727) $ (1,575,567)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property and equipment 51,164 699
Amortization of intangible assets 549,971
Amortization of debt discount 470,123 50,213
Change in fair value of derivative liability 18,123 (496,037)
Financing cost   1,517,201
Shares issued for services 11,052,725 26,500
Warrant issued for services 7,570,668
Changes in operating assets and liabilities:    
Accounts receivable (652,585) 4,977
Inventory (35,605)
Prepaid expenses (88,000) 3,499
Accounts payable and accrued expenses 372,549 (469,408)
Unearned revenue 57,789
Due to Guardian, LLC (941,849) 679,773
Accrued interest on convertible notes payable 2,618
Net cash used in operating activities (3,177,654) (255,532)
Cash Flows From Investing Activities:    
Purchase of property and equipment (27,261)
Cash paid for acquisition (200,000)
Cash paid for investment in Spare (200,000)
Other 1,979
Net cash used in investing activities (425,282)
Cash flows from financing activities:    
Issuance of convertible notes 1,500,000 300,482
Repayment of convertible notes (80,000)
Payment on acquisition note (300,000)  
Issuance of common stock 1,500,000
Net cash provided by financing activities 2,620,000 300,482
Net decrease in cash (982,936) 44,950
Cash, beginning of period 1,305,062 5,096
Cash, end of period 322,126 50,046
Cash paid for interest 36,695
Cash paid for income taxes
Supplemental non-cash investing and financing activities    
Debt discount 1,500,000 909,919
Transfer of derivative liability to equity 113,287
Shares issued to reduce notes payable 25,217
Reclassification of a payable to Guardian LLC to a convertible note payable $ 679,773