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

Consolidated Statements of Cash Flows

v3.19.3
Consolidated Statements of Cash Flows - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities:        
Net Loss $ (937,327) $ (1,299,111) $ (2,024,664) $ (626,361)
Adjustments to reconcile net loss to net cash used in operating activities:        
Inventory reserve (12,654) 39,089 26,435 (9,270)
Depreciation expense 71,168 1,090 27,993 2,182
Amortization of right-of-use assets 14,337 0    
Amortization of debt discount 0 336,713 336,713 81,342
Stock based compensation 48,000 457,377 541,377 0
Changes in Operating Assets and Liabilities:        
Accounts receivable 146,269 26,311 15,403 (747)
Accounts receivable - related party 39,625 (18,636) (39,061) 9,768
Inventory 5,242 (57,966) (48,790) 30,333
Other receivables (2,151) 0    
Prepaid expenses 88,838 6,613 (107,553) (318)
Deposits 7,210 0 (662) 17,516
Accounts payable and accrued liabilities 15,129 (47,625) (154,675) 80,743
Accounts payable - related party (4,921) 0 4,921 0
Other payable (7,210) 0 7,210 0
Customer deposit 77,539 28,285 4,450 (30,392)
Taxes payable 0 (800) (800) 0
Deferred rent     0 (468)
Net cash flows used in operating activities (450,906) (528,660) (1,411,703) (445,673)
Cash flows from investing activities:        
Purchase of property and equipment (217,292) 0 (4,599,792) 0
Net cash flows used in investing activities (217,292) 0 (4,599,792) 0
Cash flows from financing activities:        
Cash from acquisition 201,482 0    
Payment for acquisition (550,000) 0    
Payments on long term debt and finance lease obligations (14,256) 0    
Proceeds from convertible note payable     0 500,000
Repayment of convertible notes 0 (548,949) (548,949) 0
Shares issued for convertible notes 0 548,949 548,949 0
Proceeds from sale of common stock 0 3,805,488 10,072,848 0
Proceeds from shareholders loan 0 50,000    
Net cash flows provided by financing activities (362,774) 3,855,488 10,072,848 500,000
Net Change in Cash and Cash Equivalents (1,030,972) 3,326,828 4,061,353 54,327
Cash - Beginning of Period 4,455,751 394,398 394,398 340,071
Cash - End of Period 3,424,779 3,721,226 4,455,751 394,398
Supplemental non-cash financing activities        
Promissory note issued for acquisition 50,000 0    
Shares issued for acquisition 290,716 0    
Shares issued to reduce notes payable     313,700 0
Supplemental Disclosures for Statement of Cash Flows:        
Interest paid 0 0 $ 0 $ 105,831
Income tax paid $ 0 $ 800