FINANCIALS – Cash Flow

Statements of Cash Flows – USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:  
Loss from continuing operations$ (693,724)$ (975,328)
Adjustments to reconcile net loss to net cash used in operating activities:  
Depreciation and amortization27,59543,704
Write-off of capitalized patents010,873
Stock-based compensation26,621143,356
Decrease in operating assets:  
Prepayments and other current assets1,04432,645
Increase (decrease) in operating liabilities:  
Accounts payable36,253(55,362)
Accrued expenses15,182(85,084)
Net cash used in operating activities(587,029)(885,196)
Net cash used on operating activities – discontinued operations(409,867)(942,176)
Cash flows from investing activities:  
Purchase of property and equipment(1,194)0
Acquisition of intangible assets(31,323)(33,561)

Net cash used in investing activities

(32,517)(33,561)
Net cash used in investing activities – discontinued operations0(8,046)
Net decrease in cash and cash equivalents – continuing operations(619,546)(918,757)
Net decrease in cash and cash equivalents – discontinued operations(409,867)(950,222)
Cash and cash equivalents at beginning of period3,258,07710,022,247
Cash and cash equivalents at end of period$ 2,228,664$ 8,153,268