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
Net Cash Provided by (Used in) Operating Activities    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ (1,932,706) $ (1,212,513)
Noncash Expenses:    
Amortization 6,526 5,764
Depreciation 85,125 87,054
Stock Compensation 307,445 130,913
Loss on Joint Venture 0 103
Revaluation of derivative liability and debt discount related to notes payable (93,206) 0
Note payable original issue discount 49,589 0
Note payable debt discount amortization 56,441 0
Change in assets and liabilities:    
Accounts Receivable 52,769 27,564
Inventory (40,586) (70,765)
Prepaid Assets (1,120) 7,344
Accounts Payable 25,430 63,974
Accrued Expenses 40,220 46,006
Net Cash Provided by (Used in) Operating Activities, Continuing Operations (1,444,073) (914,556)
Net Cash Provided by (Used in) Investing Activities    
Purchase of Furniture and Equipment (11,380) (25,430)
Purchase of Intangible Assets (22,054) (46,835)
Notes receivable (762,034) 0
Net Cash Provided by (Used in) Investing Activities (795,468) (72,265)
FINANCING ACTIVITIES    
Proceeds from issuance of common stock and warrants 5,225,649 0
Net Cash Provided by (Used in) Financing Activities 5,225,649 0
NET CASH DECREASE FOR PERIOD 2,986,108 (986,821)
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 398,391 1,539,809
Cash and Cash Equivalents, at Carrying Value, Ending Balance 3,384,499 552,988
Supplemental Cash Flow Information    
Interest Paid 50,418 0
Income Taxes Paid, Net 0 0
Cash Flow, Noncash Investing and Financing Activities Disclosure    
Issuance of Common Stock for services $ 51,408 $ 44,998