v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,712,882) $ (866,554)
Change in net loss to net cash used in operating activities:    
Depreciation and amortization expense 1,027 985
Amortization of debt discount and non-cash interest expense 2,921,860 12,342
Change in fair value of derivative liabilities (717,104)
Loss on debt extinguishment 176,467
Fair value of stock options vested 22,079 11,184
Common stock issued for services 62,027 1,880
Changes in operating assets and liabilities:    
Accounts receivable 864 (6,939)
Inventory (4,084)
Prepaid expenses and other current assets 3,816 (7,868)
Accounts payable and accrued expenses 558,332 124,150
Accounts payable - related party (2,663) (31,900)
Other liabilities (1,782) (4,491)
Operating lease liabilities, net 3,702
NET CASH USED IN OPERATING ACTIVITIES (688,341) (767,211)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (1,005)
NET CASH USED IN INVESTING ACTIVITIES (1,005)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from convertible notes payable 476,700 380,000
Proceeds from note payable 20,000 247,000
Proceeds from loans payable 6,667
Capital contribution - related party 154
NET CASH PROVIDED BY FINANCING ACTIVITIES 503,367 627,154
Effect of exchange rate changes on cash (702) (29)
NET CHANGE IN CASH (185,676) (141,091)
CASH AT BEGINNING OF THE PERIOD 261,436 163,563
CASH AT END OF THE PERIOD 75,760 22,472
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest 9,867
Cash paid for taxes
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Financing fees payable to a related party related to the issuance of convertible debentures 18,400
Debt discount and derivative liability associated with convertible notes payable $ 679,667

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