Cash Flow

v3.20.4
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flow from Operating Activities    
Net Loss $ (1,878,809) $ (29,809,215)
Adjustments to Reconcile Net Loss to Net Cash used in Operating Activities    
Issuance of Common Stock for Services 17,919,894
Reduction of warrant exercise price 1,196,800
Depreciation Expense 155,451 158,146
Abandonment of Option to Purchase Building 200,000
Impairment of leasehold improvements and rent deposits 654,426
Reserve for collection of Advance to Parent and Affiliate 1,798,580
Amortization of right of use asset (309,902) 295,810
Unrealized (gain) loss on investments (25,885) 7,244,476
Changes in Operating Assets and Liabilities:    
Accounts Receivable 11,336 (37,799)
Inventory (169,571) (73,822)
Prepaid Inventory 371,263 157,647
Prepaid Expenses 2,500
Accounts Payable 556,320 10,132
Accrued Expenses (226,137) 108,547
Net Cash Provided by (Used in) Operating Activities 555,973 (1,972,458)
Cash Flow from Investing Activities    
Deposit (284,909)
Purchase of Fixed Assets (72,879)
Advance to Parent and Affiliate (1,055,798)
Proceeds from Advance to Parent and Affiliate 427,604
Patent Application Costs incurred (135,546)
Investments, cost method (70,000)
Construction in Progress (3,483) (355,077)
Net Cash Used in Investing Activities (631,677) (918,411)
Cash Flow from Financing Activities    
Issuance of Common Stock for Cash 1,183,000
Cash Contributed by Non-controlling Interests 1,504,363
Net Cash Provided by Financing Activities 2,687,363
Net Increase (Decrease) in Cash (75,704) (203,506)
Cash at Beginning of Period 604,274 1,313,645
Cash at End of Period 528,570 1,110,139
Cash paid during the period for:    
Interest
Income Taxes
Supplemental Disclosure of Non-cash Investing and Financing Activities    
Common stock issued for Investments, fair value   $ 11,666,998

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