v3.19.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss attributable to controlling interests $ (3,373,331) $ (2,635,614)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-controlling interest adjustment 540
Bad debt expense 24,242
Amortization of right of use asset 126,259
Amortization of debt discount
Depreciation 10,595 30,142
Loss on extinguishment of debt 90,061
Impairment of fixed assets 1,478
Non-cash interest charges (30,990)
Non-cash loan commitment fee 9,250
Deemed dividend 358,932
Stock-based compensation 1,371,847 1,165,633
Amortization of license agreement 37,808
Changes in operating assets and liabilities:    
Prepaid expenses 31,968 (59,551)
Inventory (111,435) 83,187
Deposits
Accounts receivable (429) (82,880)
Other current assets (108,825)
Accounts payable and accrued expenses (45,577) 252,293
Net cash used in operating activities (1,760,258) (1,094,139)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment (672,032) (2,935)
Deposits on machinery and equipment 177,500 (200,000)
Net cash used in investing activities (494,532) (202,935)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from related party, net 416,325
Repayment of convertible notes payable and convertible notes payable related party (89,704) (4,000)
Proceeds from notes payable and notes payable related party 214,300
Proceeds from convertible notes payable and convertible notes payable related party 70,000
Repayment of notes payable and notes payable related party (59,926) (45,900)
Proceeds from sale of common stock 2,262,748 845,739
Net cash provided by financing activities 2,397,418 1,212,164
NET INCREASE (DECREASE) IN CASH 142,628 (84,910)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 121,831 188,738
CASH AND CASH EQUIVALENTS AT END OF PERIOD 264,459 103,828
Supplemental cash flow information:    
Cash paid for income taxes
Cash paid for interest expense 22,874 4,690
Supplemental disclosure of non cash investing and financing activities:    
Related party forgiveness recorded as additional paid-in capital 315,709
Conversion of notes payable into common stock 531,101
Commons shares issued to aquire interest in joint venture 502,500
Exchange of notes payable and related interest for common stock $ 165,852

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