XML 19 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows Used in Operating Activities:    
Net loss $ (3,226,155) $ (341,557)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share based compensation 218,295
Common shares issued for third party services 54,000
Warrants issued for services 36,470
Amortization of intangibles 327,642
Change in fair value liabilities for price adjustable warrants 106,345
Change in fair value of derivative liability 115,271
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 125,098 (479)
Accounts payable 419,494 64,928
Accrued expenses 637,642 (1,355)
Accrued fee
Due to related party 299,166 (54,150)
Net Cash Used in Operating Activities (923,202) (296,143)
Cash Flows Used in Investing Activities:    
Purchase of intangible asset (375,000)
Net Cash Used in Investing Activities (375,000)
Cash Flows from Financing Activities:    
Proceeds from sale of common stock to related party 250,000
Proceeds from notes payable, related party 90,888
Proceeds from convertible notes 400,000 50,000
Proceeds from convertible notes, related parties 290,000
Proceeds from exercise of warrants to common stock 170,643
Net Cash Provided by Financing Activities 1,201,531 50,000
(Decrease) in cash (96,671) (246,143)
Cash - Beginning of Period 105,347 261,848
Cash - End of Period 8,676 15,705
Supplementary Cash Flow Information:    
Interest paid
Income taxes paid 800
Non-cash Investing and Financing Activities:    
Issuance of warrants for services 36,470
Common stock issued for accrued expenses 976,714
Return of common stock for other assets 31,404
Adjustment to goodwill for change in value of pre-acquisition accounts payable 55,247
Accrued interest 32,080  
Assumption of Liabilities for acquisition $ 320,000