Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net loss $ (62,858) $ (1,046,699)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation issued to employees 7,742
Depreciation expense 6,301 6,313
Amortization expense 32,593 116,885
Gain on disposal of discontinued operations (260,883)
Accretion of debt discount 18,500 186,168
Change in derivative liabilities (498,963)
Loss on extinguishment of debt 548,425
Amortization of stock issued for future services 7,500
Estimated fair market value of stock issued for services 101,431
Changes in operating assets and liabilities:    
Accounts receivable 6,717
Inventory 23,994 4,745
Prepaid expenses 1,336
Accounts payable (13,104) 23,107
Due to related party 38,116 182,870
Accrued compensation - related party 130,000 73,750
Deferred revenue (43,729)
Estimated fair value of contingent payments, net (4,766)
Other current liabilities 22,447 (1,182)
Net cash used in operating activities (64,894) (328,350)
Cash flows from investing activities:    
Acquisition of intangible assets (5,502)
Proceeds from sale of business 100,000
Net cash provided by (used in) investing activities 100,000 (5,502)
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 148,520
Repayments of short term notes (33,333) (64,882)
Net cash (used in) provided by financing activities (33,333) 333,638
Net increase (decrease) in cash 1,773 (214)
Cash at beginning of period 7,497 9,592
Cash at end of period 9,270 9,378
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
Reclassification of common stock payable to equity for shares issued $ 156,656