Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS (unaudited)

v3.5.0.2
CONDENSED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net loss $ (1,736,942) $ (624,611)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock based compensation - related party 824,981 347,543
Depreciation expense 1,188 577
Accretion of debt discount 286,451
Change in derivative liabilities 226,314
Change in warrant liabilities (21,068)
Amortization of stock issued for future services 0 32,200
Estimated fair market value of stock issued for services 18,750 10,000
Changes in operating assets and liabilities:    
Accounts receivable (29,206)
Inventory 9,930
Prepaid expenses 7,623 1,734
Accounts payable 5,000
Accounts payable - related party (220,447) 136,783
Accrued compensation - related party 130,000 110,000
Net cash used in operating activities (483,150) (50)
Cash flows from investing activities:    
Purchase of intangible assets (8,000)
Purchases of computer equipment (3,283)
Net cash used in investing activities (11,283)
Net decrease in cash (494,433) (50)
Cash at beginning of period 638,824 95
Cash at end of period 144,391 45
Non-cash investing and financing activities:    
Inventory purchased for accounts payable - related party 222,965
Stock issued to third party in exchange for intangible 250,000
Intangible acquired for accounts payable 10,000
Inventory samples acquired for accounts payable - related party 30,929
Reduction of advance from shareholder with accounts receivable 37,562
Stock issued for deferred offering costs $ 75,000