Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

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Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flow from operating activities:    
Net loss $ (1,798,799) $ (3,500,690)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization expense 29,362 29,362
Amortization of debt discount, penalties and deferred financing costs 970,420 109,906
Derivative loss 521,373 116,208
Stock based compensation 66,167 2,763,500
Changes in operating assets and liabilities:    
Accounts receivable 487 0
Inventory (66,170) (104,466)
Prepaid expenses 67,802 48,534
Deferred Revenue 0 (105,159)
Accounts payable and accrued liabilities 31,631 37,225
Net cash used in operating activities (177,727) (605,580)
Cash flow from financing activities:    
Proceeds from convertible notes payable 78,000 466,000
Proceeds from SBA Loan 68,300 0
Payment of deferred financing costs (3,000) (9,000)
Repayments on unsecured notes payable (16,540) (11,389)
Net cash provided by financing activities 126,760 445,611
NET CHANGE IN CASH (50,967) (159,969)
CASH AT BEGINNING OF PERIOD 65,615 171,979
CASH AT END OF PERIOD 14,648 12,010
Supplemental disclosure of cash flow information:    
Cash paid for interest 238 240
Cash paid for income taxes 0 0
Non-cash transactions    
Discount on convertible notes payable 514,100 148,753
Common stock issued for conversion of notes payable and accrued interest 601,468 0
Extinguishment of derivative liability from conversion of notes payable 631,569 0
Note payable issued for prepaid expenses $ 10,416 $ 0