(Unaudited)
| Six Months Ended | |||||||
| June 30, 2019 | June 30, 2018 | ||||||
| OPERATING ACTIVITIES | |||||||
| Net Loss | $ | (3,077,603 | ) | $ | (2,559,680 | ) | |
| Adjustments to reconcile Net Loss to Net Cash used in operating activities: | |||||||
| Noncash Expenses: | |||||||
| Depreciation and Amortization | 97,586 | 95,574 | |||||
| Stock Based Compensation | 474,150 | 594,915 | |||||
| Loss on Write-off of Asset | - | 36,733 | |||||
| Change in assets and liabilities: | |||||||
| Accounts Receivable | 818 | 41,028 | |||||
| Interest Receivable | 27,038 | 38,139 | |||||
| Inventory | (330,340 | ) | 47,100 | ||||
| Prepaid Assets | (1,463 | ) | (9,613 | ) | |||
| Accounts Payable | 150,567 | 187,495 | |||||
| Deferred Revenue | 27,275 | 34,026 | |||||
| Accrued Expenses | (105,678 | ) | 21,764 | ||||
| NET CASH USED IN OPERATING ACTIVITIES | (2,737,650 | ) | (1,472,519 | ) | |||
| INVESTING ACTIVITIES | |||||||
| Purchase of Property and Equipment | (23,796 | ) | (41,968 | ) | |||
| Purchase of Intangible Assets | (107,124 | ) | (60,147 | ) | |||
| Payment Received from Notes Receivable | 15,000 | 632,197 | |||||
| NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | (115,920 | ) | 530,082 | ||||
| FINANCING ACTIVITIES | |||||||
| Proceeds from issuance of Series B Preferred & Warrants | - | 1,000,000 | |||||
| Proceeds from issuance of Series C Preferred & Warrants | - | 350,000 | |||||
| Gross Proceeds from issuance of Common Stock and Warrants | 2,521,220 | 2,040,100 | |||||
| Less Offering Costs | (326,890 | ) | (443,700 | ) | |||
| Proceeds from exercise of Warrants | 75,848 | - | |||||
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 2,270,178 | 2,946,400 | |||||
| NET CHANGE IN CASH FOR PERIOD | (583,392 | ) | 2,003,963 | ||||
| CASH AT BEGINNING OF PERIOD | 1,279,782 | 1,515,674 | |||||
| CASH AT END OF PERIOD | $ | 696,390 | $ | 3,519,637 | |||
| Supplemental Disclosures: | |||||||
| Noncash investing and financing activities disclosure: | |||||||
| Conversion of Convertible Debt for Stock | $ | - | (50,000 | ) | |||
| Other noncash operating activities disclosure: | |||||||
| Issuance of Common Stock for services | $ | 153,000 | $ | 256,264 | |||
| Disclosure of cash paid for: | |||||||
| Interest | $ | 2,514 | $ | 8,761 | |||
| Income Taxes | $ | - | $ | - | |||
