Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities:    
Net Loss $ (2,024,664) $ (626,361)
Adjustments to reconcile net loss to net cash used in operating activities:    
Inventory reserve 26,435 (9,270)
Depreciation expense 27,993 2,182
Amortization of debt discount 336,713 81,342
Stock based compensation 541,377 0
Changes in Operating Assets and Liabilities:    
Accounts receivable 15,403 (747)
Accounts receivable - related party (39,061) 9,768
Inventory (48,790) 30,333
Prepaid expenses (107,553) (318)
Deposits (662) 17,516
Accounts payable and accrued liabilities (154,675) 80,743
Accounts payable - related party 4,921 0
Other payable 7,210 0
Customer deposit 4,450 (30,392)
Taxes payable (800) 0
Deferred rent 0 (468)
Net cash flows used in operating activities (1,411,703) (445,673)
Cash flows from investing activities:    
Purchase of property and equipment (4,599,792) 0
Net cash flows used in investing activities (4,599,792) 0
Cash flows from financing activities:    
Proceeds from convertible note payable 0 500,000
Repayment of convertible notes (548,949) 0
Shares issued for convertible notes 548,949 0
Proceeds from sale of common stock 10,072,848 0
Net cash flows provided by financing activities 10,072,848 500,000
Net Change in Cash 4,061,353 54,327
Cash - Beginning of Period 394,398 340,071
Cash - End of Period 4,455,751 394,398
Supplemental non-cash financing activities    
Shares issued to reduce notes payable 313,700 0
Supplemental Disclosures for Statement of Cash Flows:    
Interest paid $ 0 $ 105,831