Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

v3.19.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES    
Net Loss $ (1,484,112) $ (1,170,876)
Noncash Expenses:    
Depreciation and Amortization 48,383 47,321
Stock Based Compensation 254,206 161,522
Loss on Write-off of Asset 36,733
Change in assets and liabilities:    
Accounts Receivable (33,150) 32,343
Interest Receivable (1,561) 22,438
Inventory (56,785) 76,324
Prepaid Assets (25,187) (1,938)
Accounts Payable 288,395 164,930
Deferred Revenue 29,825 24,351
Accrued Expenses (86,783) (5,396)
NET CASH USED IN OPERATING ACTIVITIES (1,066,769) (612,249)
INVESTING ACTIVITIES    
Purchase of Property and Equipment (1,269) (16,565)
Purchase of Intangible Assets (74,560) (39,542)
Payment Received from Notes Receivable 15,000 500,000
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (60,829) 443,894
FINANCING ACTIVITIES    
Gross Proceeds from issuance of Common Stock and Warrants 1,961,220
Less Offering Costs (281,890)
Proceeds from exercise of Warrants 75,848
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,755,178
NET CHANGE IN CASH FOR PERIOD 627,580 (168,355)
CASH AT BEGINNING OF PERIOD 1,279,782 1,515,674
CASH AT END OF PERIOD 1,907,362 1,347,319
Noncash investing and financing activities disclosure:    
Common Stock Issued for Cashless Exchange of UPOs 88,431
Issuance of Common Stock for services 303,000 40,000
Interest 1,028
Income Taxes