Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows (Unaudited)

v3.10.0.1
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net loss $ (2,668,998) $ (1,084,593)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 230,069 63,035
Amortization of debt discount 858,624
Stock-based compensation expense 920,446 645,392
(Increase) decrease in:    
Accounts receivable (355,674) (292,560)
Inventory (1,246,125) (2,449,289)
Prepaid expenses and other assets (69,631) (259,210)
Increase (decrease) in:    
Accounts payable 242,806 674,994
Payroll and payroll tax liabilities 39,231 55,181
Customer deposits 58,498 7,928
Sales tax payable 116,812 48,443
Net cash used in operating activities (1,873,942) (2,590,679)
Cash flows from investing activities:    
Assets acquired in business combinations (5,762,763)
Purchase of furniture and equipment (454,999) (563,724)
Purchase of intangibles (33,500) (306,177)
Net cash used in investing activities (6,251,262) (869,901)
Cash flows from financing activities:    
Principal payments on long term debt (218,740) (36,752)
Proceeds from issuance of convertible debt, net of expenses 8,912,765
Proceeds from the sale of common stock and exercise of warrants, net of expenses 12,546,672 4,796,165
Net cash provided by financing activities 21,240,697 4,759,413
Net increase in cash 13,115,493 1,298,833
Cash at the beginning of period 1,215,265 606,644
Cash at the end of period 14,330,758 1,905,477
Supplemental disclosures of non-cash financing activities:    
Cash paid for interest 14,535 7,181
Common stock issued for accrued payroll 108,420
Common stock issued for prepaid services 416,886
Debt converted to equity 3,195,484
Warrants issued for debt discount 4,239,000
Insurance premium financing 30,366
Acquisition of vehicles with debt financing 56,174 84,968
Assets acquired by issuance of common stock 5,222,799
Acquisition of assets with seller financing $ 1,087,000