v3.10.0.1
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net loss $ (1,462,467) $ (855,588)
Adjustments to reconcile net loss to net cash used in operations    
Non-cash interest expense 1,222,556
Amortization and depreciation 7,626 459
Gain on fair value change of derivatives (235,194)
Gain on extinguishment of debt (425,595)
Stock based compensation 42,083  
Issuance of convertible notes for fees 9,500 1,875
Changes in operating assets and liabilities:    
Inventory 19,734
Accounts receivable (32,092)
Prepaid expenses 21,797 2,843
Accounts payable and accrued expenses 133,400 23,459
Accounts payable and accrued expenses, related parties 224,736 251,645
Net cash used in operating activities (473,916) (575,307)
Cash flows from investing activities:    
Cash acquired in acquisitions 21,580
Purchase of office and computer equipment (4,941) (1,944)
Payments for extensions of patents (13,400)
Net cash provided by (used in) investing activities 3,239 (1,944)
Cash flows from financing activities:    
Redemption of common shares (350,000)
Proceeds from issuances of convertible notes payable 730,000 400,000
Proceeds from issuances of notes payable 200,000 200,000
Proceeds from sale of common stock 250,000
Payments of principal of convertible note payable and notes payable (386,846)
Net cash provided by financing activities 443,154 600,000
Effects of exchange rate on cash and cash equivalents (4,157) (596)
Net increase (decrease) in cash and cash equivalents (31,680) 22,153
Cash and cash equivalents, Beginning of period 110,792 117,348
Cash and cash equivalents, End of period 79,112 139,501
Supplemental disclosure of cash flow information:    
Cash paid for interest 36,596 28,250
Cash paid for income taxes
Schedule of non-cash Investing or Financing Activity:    
Original issue discount included in notes payable 186,425
Issuance of common stock upon convertible note and accrued interest conversion 589,176
Issuance of common stock for contribution of intellectual property $ 150,000
Acquisition of Spinus, LLC    
Acquisitions    
Issuance of Common stock as consideration 250,000  
Assumed liabilities 532,289  
Accounts receivable (19,054)  
Inventory (253,510)  
Other Assets (250,000)  
Intangible assets (239,151)  
Cash acquired 20,574  
Acquisition of Newmarkt    
Acquisitions    
Issuance of Common stock as consideration 2,798  
Assumed liabilities 62,464  
Paid in capital (53,990)  
Inventory (8,359)  
Prepaid expenses (1,907)  
Intangible assets  
Cash acquired $ 1,006  

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