Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (143,247,000) $ 9,768,000
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation 2,000 1,000
Amortization of intangible assets 0 0
Stock compensation expense for options and warrants issued to employees and non-employees 130,124,000 6,591,000
Note Allonges 100,000 65,000
Amortization of debt discounts 4,914,000 2,897,000
Non-cash interest expense 2,197,000 1,632,000
Change in value of warrant and derivative liabilities (925,000) (25,697,000)
Note settlement 0 0
Changes in operating assets and liabilities:    
Inventory 0 0
Other assets (7,000) 0
Accounts payable and accrued expenses 1,412,000 2,813,000
Net cash used in operating activities (5,430,000) (1,930,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of fixed assets (4,000) 0
Net cash used by investing activities (4,000) 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from notes payable 5,991,000 1,902,000
Repayment of note payable 0 0
Net cash provided by financing activities 5,991,000 1,902,000
Minority Interest 0 0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 557,000 (28,000)
CASH AND CASH EQUIVALENTS - Beginning of period 19,000 47,000
CASH AND CASH EQUIVALENTS - End of period 576,000 19,000
Supplemental disclosures:    
Issuance of common stock for interest expense 5,179,000 528,000
Issuance of common stock for debt $ 19,166,000 $ 1,944,000