v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net loss $ 26,566 $ (387,624) $ (258,294) $ (695,247) $ (1,379,756)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:          
Depreciation expense 66,471 60,661 131,795 121,625  
Amortization of intangible asset     12,500 12,500  
Amortization of right to use     19,163  
Amortization of debt discount     128,702 122,298  
Change in fair value of derivative liabilities 32,752 69,677  
Convertible debt issued for services     113,000  
Gain on debt extinguishment (269,261) (134,677) (269,261) (134,677)  
Change in operating assets and liabilities:          
Accounts receivable     91,738 (6,441)  
Inventory     7,877 (90,385)  
Unbilled revenue     11,114 19,024  
Prepaid expense     14,506 (45,574)  
Other current assets     72,392 (64,455)  
Accounts payable and accrued liabilities     109,681 178,382  
Lease liabilities     (17,200)  
Provision for income taxes     (1,330) 702  
Contract liabilities     (5,493) 5,786  
Net cash provided by (used in) operating activities     47,890 (393,784)  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Purchase of property and equipment     (26,159) (21,146)  
Net cash used in investing activities     (26,159) (21,146)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Repayments of note payable, related party, net     58,917 (20,109)  
Repayments from line of credit     (12,048)  
Repayments from note payable     (46,422) (46,422)
Repayments from convertible notes payable     (87,778)  
Proceeds from note payable     20,832  
Proceeds of convertible notes payable     157,500 757,000  
Net cash provided by financing activities     225,201 602,691  
Effect of exchange rate on cash     (5,779) (198)  
Net increase in cash     241,153 187,563  
Cash beginning of period     75,362 142,888 142,888
Cash end of period $ 316,515 $ 330,451 316,515 330,451 $ 75,362
Cash paid during the period for          
Interest     20,270  
Non-cash adjustments during the period for          
Beneficial conversion feature on convertible debt     128,702 805,000  
Long term debt issued in exchange for preferred stock     168,270  
Conversion of convertible debt into common shares     14,755  
Obtaining right of use asset for lease liability     $ 19,163  

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