v3.19.1
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2019
Cash flows from operating activities    
Net loss $ (1,323,516)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 2,436
Debt discounts 125,000
Stock-based compensation 15,000
Amortization of options issued for services 253,540
Decrease (increase) in assets:    
Other current assets (30,509)
Inventory (8,935)
Right-of-use assets (268,814)
Security deposits (143,494)
Increase (decrease) in liabilities:    
Accounts payable 24,645
Accrued expenses 102,260
Lease liability 269,897
Net cash used in operating activities (982,490)
Cash flows from investing activities    
Purchase of fixed assets (73,326)
Net cash used in investing activities (73,326)
Cash flows from financing activities    
Proceeds from convertible note payable 500,000
Repayment of advances from shareholders (50,000)
Proceeds from subscriptions receivable 602
Proceeds from sale of common stock 1,950,000
Net cash provided by financing activities 2,400,602
Effect of exchange rate changes on cash (8,287)
Net increase (decrease) in cash 1,336,499
Cash - beginning 125,846
Cash - ending 1,462,345
Supplemental disclosures:    
Interest paid
Income taxes paid
Non-cash investing and financing transactions:    
Fair value of net assets acquired in merger 9,306
Value of shares issued for conv of debt 501,397
Beneficial conversion feature 125,000
Founders shares issued on subscriptions receivable $ 2,105

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