Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities:    
Net loss $ (449,874) $ (139,056)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on debt extinguishment and forgiveness, net (28,568) 0
Change in fair value of derivative liability 700 800
Amortization of interest - beneficial conversion feature 174 5,356
Stock warrants expense 8,656 6,982
Stock options expense 39,450
Stock-based compensation expense 41,302
Changes in assets and liabilities:    
Prepaid expenses 1,578 460
Accounts payable 88,209 (17,741)
Accrued expenses (33,228) (1,749)
Accrued interest payable 10,807 35,857
Related party payables 1,670 (3,003)
Stock subscriptions payable 15,256 403
Net cash used in operating activities (303,868) (111,691)
Financing Activities:    
Proceeds from notes payable - related parties 44,750
Proceeds from notes payable - non-related parties 29,000
Proceeds from issuances of common stock - non-related parties 39,000
Proceeds from offering of preferred stock - related parties 22,000
Net cash provided by financing activities 22,000 112,750
Net Change In Cash (281,868) 1,059
Cash At The Beginning Of The Period 681,759 89
Cash At The End Of The Period 399,891 1,148
Schedule Of Non-Cash Investing And Financing Activities:    
Accounts payable and accrued expenses converted to capital 40,000
Related party payables converted to capital 306,606 8,113
Related party debt converted to capital after exercise of cashless stock warrants 65,875
Related party debt converted to capital 851,975
Non-related party debt converted to capital 87,890
Gain on related party debt converted to capital 99,647
Gain on related party payables converted to capital 408,094  
Fair value of stock warrants granted 22,665
Fair value of embedded conversion feature 28,000
Supplemental Disclosure:    
Cash paid for interest 3,750
Cash paid for income taxes