v3.10.0.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (6,895,374) $ (5,765,340)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 90,321 99,048
Share-based compensation 661,205 427,902
Write-down of intangible assets 19,138
Amortization of debt discount 44,921
Changes in operating assets - (Increase)/Decrease:    
Prepaid expenses and other current assets (7,643) 14,902
Changes in operating liabilities - Increase/(Decrease):    
Accounts payable 1,322,260 207,769
Accrued liabilities 339,275 104,485
Accrued interest 79,988
Accrued interest - related party 621,114 183,331
Deferred rent (1,510) 1,853
NET CASH USED IN OPERATING ACTIVITIES: (3,726,305) (4,726,050)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments for the purchase of property and equipment (16,008) (47,189)
Payments for acquisition of intangibles (11,152) (17,644)
NET CASH USED IN INVESTING ACTIVITIES: (27,160) (64,833)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of convertible notes, net of $163,760 of issuance costs 1,814,240
Proceeds from issuance of convertible notes - related party 2,397,000 5,000,000
Payment of deferred direct issuance costs - proposed offering (278,212)
NET CASH PROVIDED BY FINANCING ACTIVITIES: 3,933,028 5,000,000
Net increase in cash and cash equivalents 179,563 209,117
Cash and cash equivalents, beginning of period 18,412 155,892
Cash and cash equivalents, end of period 197,975 365,009
Supplemental cash flow disclosures:    
Cash paid for interest
Cash paid for income taxes
Non-cash investing and financing activities:    
Accrued preferred dividends 960,000 960,000
Warrants debt discount on convertible notes $ 103,006

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