v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 61 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Cash Flows from Operating Activities              
Net loss $ (289,632) $ (530,307) $ (285,849) $ (298,323) $ (819,939) $ (584,173) $ 6,314,132
Adjustments to reconcile net loss to net cash used in operating activities:              
Depreciation         126 378  
Amortization - intangible assets         40,115 40,115  
Amortization - debt discount         241,776 45,134  
Common stock issued for services         29,691  
Change in:              
Prepaid expenses         55,479 294  
Accounts payable and accrued liabilities         (137,632) 280,048  
Net cash used in operating activities         (620,075) (188,513)  
Cash Flows from Financing Activities              
Payments on insurance premium financing         (33,546) (26,648)  
Proceeds from debt and warrants issued         703,249 245,000  
Net cash provided by financing activities         669,703 218,352  
Net change in cash         49,628 29,839  
Cash, beginning of period   $ 58,149   $ 4,001 58,149 4,001  
Cash, end of period $ 107,777   $ 33,840   107,777 33,840 $ 107,777
Supplemental Disclosure of Cash flow Information              
Cash paid during the period for interest         36,280 4,423  
Non-Cash Financing Activities              
Notes payable converted to common stock         300,000  
Common stock issued to satisfy liabilities         19,054  
Recognition of beneficial conversion feature         $ 502,142  

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