General form of registration statement for all companies including face-amount certificate companies

Consolidated Statements of Cash Flows

v3.19.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating Activities:    
Net loss $ (12,127,000) $ (7,266,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Fair value of common shares issued for services and vested stock options 3,415,000 2,534,000
Financing costs 798,000 643,000
Amortization of debt discount 1,468,000 418,000
Change in fair value of derivative liability 1,167,000 (6,000)
Debt extinguishment costs, net 534,000 977,000
Depreciation and amortization 20,000 22,000
Conversion of Series A 217,000
Effect of changes in assets and liabilities:    
Accounts payable, accrued expenses, and accrued interest 609,000 799,000
Other assets 2,000 7,000
Deferred revenue
Accounts receivable (1,000) 8,000
Prepaid expenses (42,000) (30,000)
Net cash used in operating activities (4,157,000) (1,677,000)
Financing Activities:    
Proceeds from sale of common stock 2,979,000 796,000
Proceeds from convertible note payable 1,772,000 813,000
Proceeds from exercise of put option 1,000,000 50,000
Proceeds from option exercise 34,000
Proceeds from warrant exercise 22,000
Proceeds from series A preferred stock 555,000
Payment of convertible notes payable (845,000)
Deferred offering costs (162,000)
Repurchase common stock (20,000)
Redemption of series A preferred stock (543,000)
Net cash provided by financing activities 4,780,000 1,671,000
Net change in cash 623,000 (6,000)
Cash - beginning of period 11,000 17,000
Cash - end of period 634,000 11,000
Supplemental disclosures of cash flow information:    
Cash paid for interest 402,000 326,000
Cash paid for income taxes 1,000 2,000
Supplemental disclosure of non-cash investing and financing activities:    
Conversion of note payable and accrued interest to common stock 3,066,000 56,000
Common stock issued to settle accrued officers salary 582,000
Fair value of derivative liability from issuance of convertible debt, inducement shares and warrant features 1,694,000 1,256,000
Fair value of warrants issued and beneficial conversion feature to extinguish debt 861,000
Fair value of common shares, warrants and beneficial conversion feature of issued convertible note 154,000
Common stock issued to settle accounts payable 182,000
Conversion of series A preferred stock $ 304,000