Cash Flows from Operating Activities: | |
Net loss | 245.04K |
Adjustments to reconcile net loss to net cash used in operating activities - | |
Gain on sale of property and equipment | |
Abandonment of property and equipment | |
Depreciation and amortization | |
Amortization of patents and trademarks | 4.58K |
Interest expense - amortization of deferred financing | 0 |
Interest expense – penalty interest | |
Stock based compensation | 45K |
Interest receivable | |
Deferred rent | |
Accretion of debt discount | 429.94K |
Change in fair value of warrants and embedded conversion option | |
Change in assets and liabilities - | |
Prepaid expenses and other current assets | -848 |
Inventories | |
Customer Deposit | |
Other assets | |
Accounts payable, accrued expenses, accrued dividends, accrued compensation, accrued consulting and director fees, and other current liabilities | |
Net Cash Used in Operating Activities | -230.64K |
Cash Flows from Investing Activities: | |
Patent costs | |
Proceeds from sale of property & equipment | |
Net Cash provided by Investing Activities | 0 |
Cash Flows from Financing Activities: | |
Proceeds from sale of common stock | |
Proceeds from exercise of warrants | |
Proceeds from sale of common stock to be issued | |
Proceeds from officers and directors loans | |
Proceeds from convertible promissory note | 3.49K |
Cash paid for Loan costs | |
Proceeds from notes payable | 0 |
Repayment of officers and directors loans | 0 |
Repayment of notes payable | -36.11K |
Net Cash Provided by Financing Activities | 225.67K |
Net decrease in cash | -4.97K |
Cash at beginning of year | 4.97K |
Cash at end of year | 0 |
Supplemental Disclosure of Cash Flow Information: | |
Cash paid during the year for interest | |
Non-Cash Investing and Financing Activities: | |
Common stock issued in connection with debt conversion | |
Common stock issued in satisfaction of liability | |
Reclassification of equity instrument to derivative liabilities | |
Debt discount for beneficial conversion feature and warrants |