v3.10.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (3,067,224) $ (3,590,801)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,095,076 924,786
Stock-based compensation 475,043 217,605
Loss on exchange for stock 37,788
Gain on sale of patent (160,000)
Bad debt 171,946
Gain on bargain purchase (624,211)
Provision for income taxes (13,203)
Non-cash interest 102,850 11,428
Change in operating assets and liabilities:    
Accounts receivable 111,726 (436,504)
Grants receivable 20,023 (734,790)
Inventory (291,940) (153,562)
Other current asset 49,460 103,858
Accounts payable 328,254 495,987
Accrued liabilities 1,122,339 (103,443)
Advance grant payments (369,221) (440,739)
Accrued interest payable 8,039 (2,556)
Deferred liabilities 184,679 340
Net cash (used in) operating activities (390,896) (4,136,071)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Issuance of notes receivable - related party (59,027)
Cash paid for acquisitions net of cash acquired (957,182)
Additions to property plant and equipment (63,083) (13,920)
Net cash used in investing activities (63,083) (1,030,129)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 1,773,288
Proceeds from debt 358,906 1,839,387
Proceeds from related party 34,438
Proceeds from grant advance (656,256) 235,349
Repayment of debt (57,541)
Net cash (used in) financing activities (297,350) 3,824,921
Effects of exchange rate changes on cash (7,060) (18,717)
Net (decrease) in cash and cash equivalents (758,389) (1,359,996)
Cash and cash equivalents at beginning of period 883,962 2,124,795
Cash and cash equivalents at end of period 125,573 764,799
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during period for interest 122,803 17,708
Cash paid during period for taxes 3,452
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:    
Redemption of stock for patent sale 160,000
Original purchase discount on notes $ 274,266

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