General form of registration statement for all companies including face-amount certificate companies

Consolidated Statements of Cash Flows

v3.19.2
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (1,327,250) $ (1,822,518) $ (7,300,458) $ (3,595,132)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:        
Depreciation 1,458 5,723 15,827 23,784
Gain on sale of property and equipment (2,000) 0 (15,437) 0
Share-based expense 243,089 383,850 1,351,873 1,784,129
Warrant-based expense for services (26,576) 4,917 10,206 (126,316)
Vendor share-based payments 17,427 17,427 69,708 135,280
Changes in operating assets and liabilities:        
Accounts receivable     0 3,000,000
Prepaid expenses and other assets (536,698) (51,888) (251,798) 280,633
Accounts payable, accrued expenses and other liabilities 376,028 (204,314) (343,878) (8,183)
Net cash (used in) provided by operating activities (1,254,522) (1,666,803) (6,463,957) 1,494,195
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchases of property and equipment 2,000 0 0 (9,264)
Proceeds from sales of property and equipment     22,500 0
Net cash provided by (used in) investing activities 2,000 0 22,500 (9,264)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Net proceeds from issuance of common stock and warrants 2,699,050 0    
Proceeds from exercise of warrants     1,480,000 0
Net cash provided by financing activities 2,699,050 0 1,480,000 0
Net change in cash and restricted cash 1,446,528 (1,666,803) (4,961,457) 1,484,931
Cash and restricted cash at beginning of period 638,115 5,599,572 5,599,572 4,114,641
Cash and restricted cash at end of period 2,084,643 3,932,769 638,115 5,599,572
SUPPLEMENTAL CASH FLOW INFORMATION:        
Cash paid for interest 8 671 599 1,932
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:        
Conversion of Series B preferred stock to common stock     316 185
Reclassification of common shares issuable to accounts payable     0 65,977
Issuance of common stock for promissory note converted in 2016     $ 0 $ 125
Right of use asset acquired in exchange for lease liability $ 43,330 $ 0