v3.20.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES      
Net Loss $ (6,320,849) $ (5,574,163)  
Noncash Expenses:      
Depreciation and Amortization 192,569 192,374  
Stock Based Compensation 797,240 1,145,530  
Stock Issued for Third Party Services 17,110  
Warrants Issued for Third Party Services 15,569  
Loss on Write-off of Asset 36,733  
Change in assets and liabilities:      
Accounts Receivable (16,740) 65,738  
Interest Receivable 34,390  
Inventory (358,632) (24,844)  
Prepaid Assets (184,472) (1,652)  
Accounts Payable 509,626 116,604  
Deferred Revenue 87,949 15,818  
Accrued Expenses (254,175) 230,501  
NET CASH USED IN OPERATING ACTIVITIES (5,514,805) (3,762,971)
INVESTING ACTIVITIES      
Purchase of Property and Equipment (33,487) (79,116)  
Purchase of Intangible Assets (174,224) (149,409)  
Payment Received from Notes Receivable 121,913 632,197  
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (85,798) 403,672  
FINANCING ACTIVITIES      
Gross Proceeds from issuance of Convertible Preferred and Warrants 1,350,000  
Gross Proceeds from issuance of Common Stock and Warrants 4,981,221 2,040,100  
Less Offering Costs (649,329) (433,700)  
Proceeds from exercise of Warrants 75,848 192,132  
Dividends on Preferred (15,125)  
NET CASH PROVIDED BY FINANCING ACTIVITIES 4,407,740 3,123,407  
NET CHANGE IN CASH FOR PERIOD (1,192,863) (235,892)  
CASH AT BEGINNING OF PERIOD 1,279,782 1,515,674  
CASH AT END OF PERIOD 86,919 1,279,782 $ 1,515,674
Noncash investing and financing activities disclosure:      
Conversion of Convertible Debt for Stock (50,000)  
Common Stock Issued for Conversion of Series B&C Preferred 1,350  
Common Stock Issued for Cashless Exchange of Warrants 5  
Common Stock Issued for Cashless Exchange of Unit Purchase Options 88  
Issuance of Common Stock and Warrants for services 335,679 256,264  
Interest 5,069 12,205  
Income Taxes  

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