XML 18 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (492,605) $ (223,851)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on equipment disposal 0 (1,000)
Non-cash stock based compensation expense 63,000 0
Changes in assets and liabilities:    
Prepaid expenses and other assets (312) 59,305
Accounts payable 66,987 (4,967)
Accrued expenses 226,770 (379)
Net cash used in operating activities (136,160) (170,892)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from disposal of equipment 0 1,000
Net cash provided by investing activities 0 1,000
CASH FLOWS FROM FINANCING ACTIVITIES    
Payment on purchase of preferred stock 0 (57,500)
Net cash used in financing activities 0 (57,500)
Net decrease in cash and cash equivalents (136,160) (227,392)
Cash and cash equivalents, beginning of period 136,840 364,232
Cash and cash equivalents, end of period 680 136,840
Supplemental Cash Flow Information    
Cancellation of preferred stock dividend 0 330,744
Cash paid for interest and taxes $ 0 $ 0