v3.19.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES    
Net Loss $ (3,077,603) $ (2,559,680)
Noncash Expenses:    
Depreciation and Amortization 97,586 95,574
Stock Based Compensation 474,150 594,915
Loss on Write-off of Asset 36,733
Change in assets and liabilities:    
Accounts Receivable 818 41,028
Interest Receivable 27,038 38,139
Inventory (330,340) 47,100
Prepaid Assets (1,463) (9,613)
Accounts Payable 150,567 187,495
Deferred Revenue 27,275 34,026
Accrued Expenses (105,678) 21,764
NET CASH USED IN OPERATING ACTIVITIES (2,737,650) (1,472,519)
INVESTING ACTIVITIES    
Purchase of Property and Equipment (23,796) (41,968)
Purchase of Intangible Assets (107,124) (60,147)
Payment Received from Notes Receivable 15,000 632,197
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (115,920) 530,082
FINANCING ACTIVITIES    
Gross Proceeds from issuance of Common Stock and Warrants 2,521,220 2,040,100
Less Offering Costs (326,890) (443,700)
Proceeds from exercise of Warrants 75,848
NET CASH PROVIDED BY FINANCING ACTIVITIES 2,270,178 2,946,400
NET CHANGE IN CASH FOR PERIOD (583,392) 2,003,963
CASH AT BEGINNING OF PERIOD 1,279,782 1,515,674
CASH AT END OF PERIOD 696,390 3,519,637
Noncash investing and financing activities disclosure:    
Conversion of Convertible Debt for Stock (50,000)
Issuance of Common Stock for services 153,000 256,264
Interest 2,514 8,761
Income Taxes
Series B Preferred Stock & Warrants [Member]    
FINANCING ACTIVITIES    
Preferred Stock 1,000,000
Series C Preferred Stock & Warrants [Member]    
FINANCING ACTIVITIES    
Preferred Stock $ 350,000

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