Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,426,102) $ (958,282)
Change in net loss to net cash used in operating activities:    
Depreciation and amortization expense 656 445
Amortization of debt discount 77,889 44,726
Common stock issued for services 5,148 0
Changes in operating assets and liabilities:    
Other liabilities (12,593) 6,494
Prepaid expenses and other current assets (3,570) (10,972)
Accounts payable and accrued expenses 213,982 43,946
Accounts payable - related party 31,900 0
NET CASH USED IN OPERATING ACTIVITIES (1,112,690) (873,643)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (1,143) (1,957)
NET CASH USED IN INVESTING ACTIVITIES (1,143) (1,957)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from convertible notes payable 964,120 1,015,000
Proceeds from related party loans 50,000 0
Payments of related party loans (34,252) (34,653)
Proceeds from the sale of common stock for cash 0 100,000
Advance on notes payable 0 50,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 979,868 1,130,347
NET INCREASE IN CASH (133,965) 254,747
CASH AT BEGINNING OF THE YEAR 297,528 42,781
CASH AT END OF THE YEAR 163,563 297,528
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest 3,615 2,591
Cash paid for taxes 0 0
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Discounts related to warrants issued in connection with convertible debentures 2,604 2,131
Conversion of convertible notes and accrued interest to common stock $ 2,275,050 $ 0