v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net loss $ (300,947) $ (324,387) $ (996,194) $ (593,465)  
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:          
Depreciation expense 62,859 68,693 184,484 202,906  
Amortization of intangible asset 6,250 6,250 18,750 18,750  
Amortization of right of use     2,196  
Amortization of convertible debt, net     211,330  
Stock based compensation 47,422 47,422 $ 219,518
Provision for income tax expense     (1,091)  
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     (74,915) 104,850  
Inventory     (179,186) (142,234)  
Unbilled revenue     19,087 12,008  
Prepaid expense     (35,789) 82,454  
Other current assets     (39,505) (35,691)  
Lease liabilities     (4,811)  
Accounts payable and accrued liabilities     217,680 22,902  
Provision for income taxes     333  
Contract liabilities     25,356 (215,989)  
Net cash used in operating activities     (603,183) (497,068)  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Purchase of property and equipment     (51,414) (31,019)  
Net cash used in investing activities     (51,414) (31,019)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Repayments of note payable, related party, net     (20,856) 4,542  
Repayments from note payable     (46,422)  
Proceeds from sale of preferred stock     500,000  
Proceeds of convertible debt     757,000  
Repayments from convertible notes payable     (87,778)  
Net cash provided by financing activities     601,944 504,542  
Effect of exchange rate on cash     998 (6,332)  
Net increase in cash     (51,656) (29,877)  
Cash beginning of period     142,888 233,326 233,326
Cash end of period $ 91,232 $ 203,449 91,232 203,449 $ 142,888
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  
Obtaining right of use asset for lease liability     $ 86,377  

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