v3.20.1
Consolidated Statement of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,379,756) $ (1,194,706)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation expense 250,328 263,864
Amortization of intangible asset 25,000 25,000
Amortization of right of use 9,552
Impairment of other asset 50,000
Amortization of convertible debt, net 257,445
Stock based compensation 219,518
Change in fair value of derivative liabilities 69,677
Gain on debt extinguishment (134,677)
Imputed interest 110
Convertible debt issued for services 113,000
Changes in operating assets and liabilities:    
Accounts receivable (73,827) 123,968
Inventory (97,274) 63,870
Unbilled revenue 11,029 80,528
Prepaid expense (16,670) 2,435
Other current assets (53,073) 4,500
Lease liabilities (12,374)
Accounts payable and accrued liabilities 289,751 18,781
Provision for income taxes 11,160 (1,765)
Contract liabilities 21,506 (196,288)
Net cash used in operating activities (659,203) (590,185)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (70,194) (30,331)
Net cash used in investing activities (70,194) (30,331)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from (repayments to) related party, net 12,044 32,029
Proceeds from issuance of preferred stock 500,000
Proceeds from (repayments to) note payable (46,422)
Proceeds of convertible debt 757,000
Repayments from convertible notes payable (87,778)
Proceeds from (repayments to) line of credit 24,483
Net cash provided by financing activities 659,327 532,029
Effect of exchange rate on cash 2,544 (1,951)
Net increase in cash (67,526) (90,438)
Cash beginning of year 142,888 233,326
Cash end of year 75,362 142,888
Cash paid during the period for    
Interest 20,270
Income tax 5,099
NON-CASH ADJUSTMENTS DURING THE YEAR    
Beneficial conversion feature on convertible debt 805,000
Long term debt issued in exchange for preferred stock 168,270
Obtaining right of use asset for lease liability $ 86,377

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