v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (695,247) $ (269,078)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation expense 121,625 134,213
Amortization of intangible asset 12,500 12,500
Amortization of convertible notes payable, net 122,298
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
Change in operating assets and liabilities:    
Accounts receivable (6,441) 43,414
Inventory (90,385) (103,240)
Unbilled revenue 19,024 8,411
Prepaid expense (45,574) 61,607
Other current assets (64,455) (20,382)
Accounts payable and accrued liabilities 178,382 84,602
Provision for income taxes 702
Deferred revenue 5,786 (200,087)
Net cash used in operating activities (393,784) (247,930)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (21,146) (21,805)
Net cash used in investing activities (21,146) (21,805)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of note payable, related party, net (20,109) (1,478)
Repayments from note payable (46,422)
Proceeds from sale of preferred stock 500,000
Proceeds of convertible notes payable 757,000
Repayments from convertible notes payable (87,778)
Net cash provided by financing activities 602,691 498,522
Effect of exchange rate on cash (198) (9,988)
Net increase in cash 187,563 218,719
Cash beginning of period 142,888 233,326
Cash end of period 330,451 452,125
Cash paid during the period for    
Interest 20,270
Income tax
Non-cash adjustments during the period for    
Beneficial conversion feature on convertible debt 805,000
Long term debt issued in exchange for preferred stock $ 168,270

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