Cash Flow

v3.20.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash Flow from Operating Activities    
Net Loss $ (36,915,453) $ (16,851,108)
Adjustments to Reconcile Net Loss to Net Cash used in Operating Activities    
Issuance of Common Stock for Services 17,938,817 11,299,507
Reduction of warrant exercise price 1,196,800
Depreciation Expense 215,887 108,421
Abandonment of Option to Purchase Building 200,000
Impairment of leasehold improvements and rent deposits 764,064
Loss on sale of building 194,809
Impairment of Patent Application Costs 1,943,934
Unrealized loss on investments 11,434,751
Amortization of right of use asset 190,435
Changes in Operating Assets and Liabilities:    
Accounts Receivable 15,944 (37,090)
Inventory (81,856) (360,460)
Prepaid Inventory 143,252 (514,515)
Prepaid Expenses 23,800 (3,150)
Accounts Payable 154,288 499,424
Accrued Expenses 369,926 1,463
Net Cash Used in Operating Activities (2,210,602) (5,857,508)
Cash Flow from Investing Activities    
Advance to Parent and Affiliate (549,982)
Deposit (309,613) (392,251)
Purchase of Fixed Assets (215,101) (2,662,023)
Repayment of Advance to Parent and Affiliate 300,000
Licenses (309,300)
Patent Application Costs incurred (135,546) (858,388)
Investments, cost method (70,000)
Construction in Progress (215,424) (535,667)
Net Cash From (Used) in Investing Activities (1,195,666) (4,757,629)
Cash Flow from Financing Activities    
Issuance of Common Stock for Cash 1,183,000 4,819,764
Advances Payable (1,100) 100
Cash Contributed by Non-controlling Interests 1,514,997 350,900
Net Cash Provided by Financing Activities 2,696,897 5,170,764
Net Decrease in Cash (709,371) (5,444,373)
Cash at Beginning of Period 1,313,645 6,758,018
Cash at End of Period 604,274 1,313,645
Cash paid during the period for:    
Interest
Income Taxes
Supplemental Disclosure of Non-cash Investing and Financing Activities    
Common stock issued for Patent Application Costs 950,000
Common stock issued for Investments, fair value 11,666,998
Right of use asset and liabilities 6,684,498
Proceeds from sale sent to parent $ 920,402

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