Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net loss $ (2,263,776) $ (2,594,373)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization and depreciation 105,999 695,777
Common stock issued for services 1,231,579 1,101,085
Amortization of debt discount 118,137 190,770
Gain on debt settlement (2,913)
Loss on change in fair value of derivative liability 460,343 96,810
Changes in operating assets and liabilities:    
Accounts receivable (11,811) 95,085
Prepaid expenses 118,325
Deferred revenue (165,000) (338,240)
Credit card liability 67,592
Accounts payable and accrued expenses 281,866 228,554
Net cash used in operating activities (245,576) (338,615)
Financing activities    
Loan proceeds 230,000 525,000
Loan repayment (323,757) (465,660)
Common stock sold for cash 370,000 260,000
Advances from related party, net of repayment 52,000 39,000
Net cash provided by financing activities 328,243 358,340
Net increase in cash and cash equivalents 82,667 19,725
Cash and cash equivalents, beginning of period 63,709 69,489
Cash and cash equivalents, end of period 146,376 89,214
Supplemental cash flow information    
Interest 142,440 38,892
Income taxes
Non-cash investing and financing activities:    
Common stock issued for loan costs 300,000
Common stock issued for debt conversions, including accrued interest 834,461
Common stock issued for settlement of accrued expenses 248,605
Common stock issued for services recorded as prepaid expenses 38,688
Common stock issued for prepaid consulting agreements 470,000
Common stock issued for deposit on acquisition 1,200,000
Exchange of accrued interest for convertible note payable $ 4,981