Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

v3.7.0.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (597,570) $ (787,050)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 33,904 35,432
Stock-based compensation 24,878
Amortization of discount on debt 827,945 261,023
Change in fair value of warrant liability (335,075)
Change in fair value of derivative liabilities (554,496)
Changes in operating assets and liabilities:    
Accounts receivable 4,138 (4,662)
Inventory 1,341 6,900
Prepaid expenses and other current assets (233,890) (4,094)
Other assets 3,625
Accounts payable (22,803) (52,334)
Accrued expenses 104,380 (30,682)
Net cash used in operating activities (747,248) (571,842)
Cash flows from investing activities:    
Purchase of property and equipment (3,314)
Net cash used in investing activities (3,314)
Cash flows from financing activities:    
Proceeds from issuance of convertible notes payable (net of issuance discounts and fees) 552,000
Proceeds from issuance of convertible note payable (net of issuance discounts and fees) 200,000
Repayment of notes payable to related party (4,957)
Net cash provided by financing activities 195,043 552,000
Net (decrease) increase in cash and cash equivalents (555,519) (19,842)
Cash and cash equivalents, beginning of period 687,185 40,995
Cash and cash equivalents, end of period 131,666 21,153
Cash paid during the period for:    
Interest
Income taxes 4,000
Non-cash financing activities:    
Issuance of common stock in exchange for settlement of outstanding payables 350,000
Conversion of convertible notes payable plus accrued interest into common stock 77,873
Derivative liabilities associated with convertible notes payable 186,939
Beneficial conversion features associated with convertible notes payable $ 442,000