Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (307,623) $ (145,458)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Change in fair value of derivative liabilities 36,925
Depreciation expense 60,964 69,023
Amortization of intangible asset 6,250 6,250
Amortization of convertible notes payable, net 17,595
Imputed interest 76
Change in operating assets and liabilities:    
Accounts receivable (38,658) 82,899
Inventory (40,502) (62,406)
Unbilled revenue 17,085 9,730
Prepaid expense 1,926 32,010
Other current assets (1,472) (949)
Accounts payable and accrued liabilities 124,264 142,147
Provision for income taxes 248
Deferred revenue 9,161 (161,778)
Net cash (used in) provided by operating activities (113,837) (28,456)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (5,558)
Net cash used in investing activities (5,558)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds of note payable, related party, net 17,134 14,335
Proceeds of convertible notes payable 65,000
Net cash provided by financing activities 82,134 14,335
Effect of exchange rate on cash (1,395) 2,885
Net decrease in cash (33,098) (16,794)
Cash beginning of period 142,888 233,326
Cash end of period 109,790 216,532
Cash paid during the period for    
Interest
Income tax