XML 16 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net (loss) $ (409,187) $ (1,009,581)
Adjustments to reconcile net (loss) to net cash (used in) operating activities    
Amortization of discount to note payable 29,333
Changes in fair value of derivative liabilities 436,051
Accounts payable and accrued expenses 93,592 146,053
Due from/to related party (9,655) (33,015)
Net cash (used in) operating activities: (325,249) (431,158)
Cash flows from financing activities    
Proceeds from issuance of note payable 290,000
Proceeds from issuance of convertible note payable 131,500
Proceeds from exercise of warrants 292,800
Issuance of common stock as payment for account payable 25,582
Net cash provided by financing activities 318,382 421,500
Net increase/(decrease) in cash and cash equivalents (6,868) (9,658)
Cash and cash equivalents, including restricted, beginning of year 93,378 26,298
Cash and cash equivalents, including restricted, end of period 86,512 16,642
Non-cash financing activities    
Issuance of 34,166,664 shares of common stock to retire convertible notes payable 275,159
Supplemental disclosure of cash flow information:    
Interest
Income taxes