v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,767,525) $ (616,756)
Change in net loss to net cash used in operating activities:    
Depreciation and amortization expense 682 640
Amortization of debt discount and non-cash interest expense 1,590,398 7,704
Change in fair value of derivative liabilities 333,817
Fair value of stock options vested 13,952 9,208
Common stock issued for services 30,292 1,120
Changes in operating assets and liabilities:    
Accounts receivable (973) (6,332)
Inventory (371) (609)
Other liabilities (1,782) (2,906)
Prepaid expenses and other current assets 12,009 (5,030)
Accounts payable and accrued expenses 372,369 63,817
Accounts payable - related party 2,997 (31,900)
NET CASH USED IN OPERATING ACTIVITIES (414,135) (581,044)
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 200,000 230,000
Proceeds from note payable 20,000 215,000
Capital contribution - related party 153
NET CASH PROVIDED BY FINANCING ACTIVITIES 220,000 445,153
Effect of exchange rate changes on cash 694 316
NET CHANGE IN CASH (193,441) (136,580)
CASH AT BEGINNING OF THE PERIOD 261,436 163,563
CASH AT END OF THE PERIOD 67,995 26,983
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest 6,280
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 $ 376,274

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