Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating Activities    
Net loss $ (558,965) $ (639,085)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Change in fair value of derivative liability 12,023
Amortization of interest - beneficial conversion feature 80
Stock options expense 4,500
Stock warrants expense 41,596 86,955
Stock-based compensation 20,808 6,290
Changes in assets and liabilities:    
Prepaid expenses 3,006 (3,006)
Accounts payable (79,137) (78,998)
Accrued expenses (75,322) 226,905
Accrued interest payable 154,816 117,667
Related party payables 425,994 97,176
Stock subscriptions payable 1,271 11,516
Net cash used in operating activities (61,353) (162,557)
Financing Activities:    
Proceeds from shares issuances - related parties 25,000
Proceeds from shares issuances - non-related parties 25,200
Proceeds from notes payable - related parties 55,300 98,194
Proceeds from notes payable - non-related parties 6,000
Net cash provided by financing activities 61,300 148,394
Net Change In Cash (53) (14,163)
Cash At The Beginning Of The Period 142 14,305
Cash At The End Of The Period 89 142
Schedule Of Non-Cash Investing And Financing Activities:    
Debt converted to capital 130,952
Related party payables converted to capital 28,829 193,627
Reclassification of derivative liabilities to paid-in capital 504,263
Reclassification of paid-in capital to derivative liabilties 312,202
Intrinsic value - beneficial conversion feature 6,000
Fair value of stock warrants granted 29,701 19,969
Research & development prepaid expenses with common shares $ 25,800
Shares issued for cash received in prior year(s) 10,000
Supplemental Disclosure:    
Cash paid for interest $ 3,750
Cash paid for income taxes