General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Cash Flows

v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (3,574,974) $ (4,125,722) $ (7,039,155) $ (7,867,500)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:        
Issuance and amortization of common stock for services 69,000 40,419 130,000 670,037
Issuance of convertible promissory notes for services 310,000 310,000 500,000
Warrant modification expense     23,495
(Gain) loss on settlements, net (14,289) (36,814) 18,585 195,650
Foreign currency transaction loss (gain) 613,912 9,152 694,614 (144,605)
Depreciation expense 1,068 1,128 2,225 2,166
Amortization of debt discounts 303,813 400,284 853,459 1,969,514
Change in fair value of derivative liabilities 1,931,646 229,771 7,612 (820,153)
Gain on extinguishment of debt (1,165,516) 83,727 (251,392)
Stock option expense 329,761 516,148 1,686,444
Reduction of put premium due to payment of debt     (80,769)
Accretion of put premium 699,230 876,462 1,784,231 1,109,167
Changes in Assets and Liabilities:        
GST receivable (2,757) 3,862 1,636 21,951
Prepaid expenses and other assets (53,104) 4,897 (29,842) (4,739)
Prepaid expenses and other assets - related parties     2,263
Accounts payable (26,388) 952,931 732,794 147,951
Employee benefit liability 177,232 12,160 28,052 23,538
Payment for security deposit     1,660
Accrued expenses (51,533) (265,568) (70,537) 331,660
Accrued interest 107,643 102,224 214,694 100,865
NET CASH USED IN OPERATING ACTIVITIES (1,056,786) (1,071,326) (2,177,645) (2,050,636)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchase of equipment (1,662)    
NET CASH USED IN INVESTING ACTIVITIES (1,662)    
CASH FLOWS FROM FINANCING ACTIVITIES:        
Loan repayments     (2,326)
Proceeds from convertible promissory notes 1,054,089 1,274,000 2,890,080 1,634,500
Repayments of convertible promissory notes (219,000) (490,181)
Proceeds from note payable     20,000
Repayment of note payable     (20,000)
Repayment of related party loans     (1,085)
Proceeds from the issuance of common stock 405,773    
Fees associated with offering costs (15,000)    
Proceeds from the exercise of warrants 30 464,286
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,225,892 1,274,000 2,396,488 2,098,786
Effect of exchange rate changes on cash (62,827) (159,221) (267,965) (100,177)
NET INCREASE IN CASH 104,617 43,453 (49,122) (52,027)
CASH AT BEGINNING OF PERIOD 19,921 69,043 69,043 121,070
CASH AT END OF PERIOD 124,538 112,496 19,921 69,043
Supplemental Disclosure of Cash Flow Information        
Interest 8,585 16,899 537
Income Tax
Supplemental Disclosure of Non-Cash Investing and Financing Activities        
Treasury stock re-purchased for reversal of debt conversion     46,477
Cancellation of shares for convertible note payable     112,500
Reduction of put premium related to conversions of convertible notes 1,308,393 337,437 948,129 266,287
Conversion of convertible notes and accrued interest to common stock 2,508,417 1,377,928 2,770,187 1,406,736
Proceeds receivable from the issuance of common stock 168,787    
Deferred financing costs associated with equity purchase agreement 298,923    
Discounts related to warrants issued with convertible debenture     910,178
Discounts related to derivative liability $ 50,000 $ 310,000 543,744 650,000
Settlement of accounts payable for shares of common stock     $ 50,000