Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net profit (loss) $ 53,960 $ (739,392)
Adjustments to reconcile net profit (loss) to net cash used in operating activities:    
Depreciation expense 3,242 3,156
Amortization expense 16,297 58,443
Gain on disposal of discontinued operations (260,883)
Accretion of debt discount 9,250 78,596
Change in derivative liabilities (306,018)
Loss on extinguishment of debt 548,425
Amortization of stock issued for future services 3,750
Estimated fair market value of stock issued for services 21,531
Changes in operating assets and liabilities:    
Accounts receivable (13,398)
Inventory 8,244 4,744
Prepaid expenses 1,002
Accounts payable 540 7,881
Due to related party 20,294 41,322
Accrued compensation - related party 65,000 20,000
Deferred revenue (46,155)
Estimated fair value of contingent payments, net (918)
Other current liabilities 11,223 (4,810)
Net cash used in operating activities (72,833) (321,841)
Cash flows from investing activities:    
Proceeds from sale of business 100,000
Net cash provided by investing activities 100,000
Cash flows from financing activities:    
Proceeds from short-term convertible notes, net of debt issuance costs 250,000
Proceeds from short-term notes, net of debt issuance costs 134,020
Repayments of short term notes (33,333) (30,470)
Net cash (used in) provided by financing activities (33,333) 353,550
Net increase (decrease) in cash (6,166) 31,709
Cash at beginning of period 7,497 9,592
Cash at end of period 1,331 41,301
Cash paid during the period for:    
Interest
Income taxes
Non-cash investing and financing activities:    
Common stock and warrants issued in conjunction with convertible notes payable 169,066
Common stock issued to third party in conjunction with debt issuance 55,500
Warrants issued to third party in conjunction with convertible notes payable 36,739
Debt issuance costs in conjunction with convertible notes payable 44,000
Deferred interest payable issued in conjunction with convertible notes payable $ 29,400