ASPEN GROUP, INC. ASPU Cash Flow

Aspen group, inc. (ASPU)

CashFlow / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Mar'13	Jan'13	Dec'12	Oct'12	Sep'12	Jul'12	Jun'12	Apr'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net loss
-2,281,052	-638,168	-2,075,282	-1,609,922	-2,355,941	-2,475,078	-2,837,276	-3,664,486	-2,147,946	-481,550	-767,079	-723,730	7,377	116,540	-505,447	-108,614	-674,965	-744,420	-718,706	-1,028,557	-1,214,906	-1,160,564	-864,261	-1,122,763	-1,726,587	-1,366,628	-1,134,370	-1,402,982	-948,871	-	-834,358	-	-1,721,976	-1,752,227	-1,241,281	-2,213,119	-1,789,766	-	-	-	-42,142
Less income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	29,750	32,650	22,263	-111,927	-	-	-87,379	-14,867	-	90,043	-	148,513	-	-	-	-	-
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,122,763	-1,756,337	-1,399,278	-1,156,633	-1,291,055	-	-	-686,886	-1,256,256	-	-1,842,270	-	-2,361,632	-	-	-	-	-
Adjustments to reconcile net loss to net cash used in operating activities:
Less income (loss) from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,664	-	-	-	-	-	-	-	-127,146	-	-	-	-
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-930,207	-	-	-	-	-	-	-	-1,916,912	-	-	-	-
Bad debt expense
2,547	407,759	240,899	373,942	187,177	171,084	121,805	237,222	212,644	22,500	63,000	70,000	-25,680	0	0	0	71,489	67,299	31,889	38,426	12,228	0	105,511	5,895	120,000	15,000	13,837	37,000	22,000	-	-64,045	-	113,476	51,521	51,521	32,955	32,955	4,237	6,903	-26,772	36,832
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	151,597	148,258	143,459	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	11,758	-	0	-	0	5,879	-5,879	0	0	0	0
Depreciation and amortization
475,393	628,225	606,574	592,634	555,292	524,067	498,105	460,314	347,895	145,354	138,720	133,948	132,727	139,006	151,049	-	-	-	-	-	-	130,133	125,607	123,762	121,904	119,651	109,435	159,269	120,357	-	108,248	-	103,738	98,571	96,188	121,812	89,749	86,237	71,441	53,958	52,446
Loss on settlement of accrued interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-3,339	-	-	-	-	-
Issuance of convertible notes in exchange for services rendered
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	38,175	-	-	-	-	-
Issuance of convertible notes in exchange for services rendered
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,000	21,000
Stock-based compensation
892,988	391,067	498,417	324,256	350,838	305,315	209,976	176,098	162,544	144,624	159,300	84,461	96,498	61,728	95,607	84,603	94,670	56,046	72,941	122,148	123,085	114,435	97,203	212,489	98,610	147,974	149,356	154,062	117,847	-	170,986	-	63,547	52,701	47,020	81,605	66,104	0	0	0	0
Warrants issued for services
9,125	9,125	9,440	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on asset disposition
0	16,322	-20,240	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discounts
46,920	69,596	65,702	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	41,898	124,343	120,289	124,343	50,008	0	0	-	-	-	-	-	-	-	0	-	-	-	-	-
Warrant modification expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48,554	0	0	6,000	333,323	0	0	0	-	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	-	-
Receivable collateral valuation reserve
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-	193,198	309,117	309,117	0	-	-	-	-	-
Amortization of debt issue costs
38,570	20,593	29,662	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	19,018	56,440	54,599	56,865	20,193	0	0	-	-	0	-	180,908	-	85,565	0	-	-	-	-	-
Amortization of prepaid shares for services
-	-	-	-	-	0	8,285	43,376	37,039	0	0	0	17,500	27,985	7,015	-50,400	2,800	47,600	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash payments to investor relations firm
24,398	42,753	30,597	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrant buyback expense
-	-	-	-	-	-	-	-	-	-	-	0	0	0	206,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrant buyback expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,400	0	0	0	-	-	-	-	0	164,347	95,677	25,060	0	-	-	113,000	0	-	0	-	0	-	-	-	-	-
Accounts receivable
1,893,716	3,675,775	1,535,420	2,268,372	181,433	2,435,202	1,592,941	-1,173,841	2,397,063	1,438,035	699,020	642,933	1,026,386	723,841	580,913	123,641	573,755	335,285	259,509	208,266	220,341	8,663	127,344	-4,029	162,814	138,414	142,635	288,117	-140,344	-	404,305	-	254,909	184,347	-311,166	30,001	-20,524	-783,012	397,897	-99,058	15,749
Accounts receivable, secured - related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14,752	0	16,252	-8,876
Prepaid expenses
189,008	242,162	136,022	67,530	-86,857	9,783	229,168	-45,858	20,059	-9,510	48,902	39,189	-8,597	-43,306	23,188	2,233	1,038	16,412	-18,221	55,575	-28,116	884	47,367	8,466	-33,819	-18,758	-6,345	-27,107	34,950	-	66,469	-	76,355	-31,187	-	44,683	-22,372	-	-	-	-
Accrued interest receivable
-	-	-	-	-	-	-	0	8,600	18,400	18,400	8,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other receivables
1,438	-1,123	-710	-77,090	73,862	-5,721	-173,475	-49,293	-236,187	249,619	138,966	64,263	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-69,000	-	-	-	-	-	-	-	-210	-	-	-	-	-
Other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	69,000	-	-	-	-	-	-	-	0	-	-	-	-
Other assets
24,585	-237,644	-67,032	-	-	-	-	-	-	-	-	1	2,001	239	23,001	-13,911	11,140	7,269	-2	1	1,497	0	0	-	-	-	-	0	-	-	-2,500	1,122	-	20,000	-	0	-	-	-	-	-
Prepaid expenses and other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-27,234	-2,255
Accounts payable
-396,610	-400,583	-110,890	-10,012	83,244	127,005	-728,230	953,224	188,378	-37,765	215,431	-127,610	265,548	200,064	409,498	-576,024	94,112	36,683	275,321	-279,888	183,667	-261,329	81,876	78,183	-2,801	-52,454	118,450	97,609	42,613	-	-539,917	-	-22,294	48,867	-247,298	727,214	622,808	-179,760	312,199	259,985	-1,796
Accrued expenses
338,324	161,906	-73,663	80,612	-160,785	62,336	10,401	62,221	234,972	38,331	-54,827	-19,174	49,137	-17,319	73,293	-102,250	48,943	14,350	44,581	-82,040	60,062	24,945	26,231	10,827	17,611	-10,926	-2,107	52,658	21,468	-	-619,801	-	337,409	-23,561	409,296	191,532	125,867	122,745	-175,922	-505	-69,656
Deferred rent
8,097	9,881	-35,783	24,663	184,833	236,447	217,433	-8	29,696	-3,926	-3,683	-3,195	-3,195	-3,195	23,708	31,514	-1,451	-2,300	-4,000	-3,999	-3,342	-3,179	-3,179	-3,179	-2,523	-2,357	-2,359	10,593	6,889	-	-1,074	-	-1,072	-1,430	-1,072	-1,073	-1,073	-581	-581	-581	-581
Refunds due students
409,534	310,579	417,131	-195,559	188,121	63,489	302,609	85,119	-4,216	344,038	80,324	74,781	-42,432	156,289	11,055	-388,859	39,365	110,220	69,418	-92,422	-60,313	76,754	68,599	52,810	-22,067	35,581	-32,086	0	-	-	-	-	-	-	-	0	-	-	-	-	-
Deferred revenue
184,882	2,828,824	224,172	-	-746,079	1,201,155	430,015	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right of use assets, net
-	-	-62,776	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	909,157	50,017	-221,088	387,570	-14,727	189,800	-116,570	278,080	92,642	-25,537	68,176	105,989	-13,499	-29,366	-152,641	39,177	-37,676	-99,931	121,933	105,655	-	-70,734	-	174,908	16,862	-23,836	114,162	120,508	-167,567	126,043	-40,486	45,455
Other liabilities
556,056	-250,806	8,625	23,794	-84,046	145,077	27,301	35,046	186,134	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,084,620	-481,293	-532,588	-345,920	-878,125	-853,286	-624,348	-385,707	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-69,000	-69,000	-	-	-	-	-	-	0	0	-	-	-	-
Net cash used in operating activities
-1,800,158	-340,024	-1,685,083	-2,785,464	-1,943,127	-2,099,213	-3,388,210	-1,954,988	-1,981,889	-648,973	-1,024,085	-1,389,118	-125,365	-8,153	34,476	-	-	-	-	-	-	-	-	-	-889,267	-1,138,263	-1,013,268	-918,941	-598,772	-	-2,234,294	-	-304,958	-1,462,782	-851,194	-1,132,264	-908,769	-	-	-	36,940
Cash flows from investing activities:
Increase in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	234,260	-50,000	40,000	29,927	602,719	135	134	137	181	139	-	160	-	158,900	0	67	0	105,865	0	0	0	0
Purchases of courseware and accreditation
1,426	7,300	2,275	1,949	3,752	42,904	42,917	15,019	8,269	6,100	19,000	2,250	0	2,100	4,450	8,990	18,000	22,530	41,104	34,448	42,826	27,656	38,823	2,001	2,999	1,000	500	0	0	-	-393,995	-	112,306	13,200	303,789	8,200	3,200	-735,172	361,659	375,853	51,750
Cash acquired as part of merger
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-	0	-	0	-378	337	0	0	3,200	0
Purchases of property and equipment
685,800	614,095	629,983	658,195	527,549	610,020	735,757	665,145	630,600	279,464	261,409	239,252	182,816	203,373	179,117	149,816	103,049	108,516	105,503	102,359	96,667	97,597	82,869	87,887	88,953	104,802	104,385	166,214	139,108	-	473,841	-	0	91,661	-132,178	200,933	138,183	927,456	18,385	55,878	59,168
Net cash (used in) provided by investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-158,806	1,001,436	-131,046	-146,607	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds received from officer loan repayments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	150,000	-	-	-	-	-
Proceeds received from officer loan repayment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	0	-	150,000	238,210	0	0	0
Net cash used in investing activities
-687,226	-621,395	-632,258	-660,144	-531,301	-652,924	-778,674	-680,164	-2,275,188	-285,564	-280,409	-1,141,502	-182,816	-205,473	-183,567	-	-	-	-	-	-	-	-151,619	-692,607	-92,087	-105,936	-105,022	-166,395	-139,247	-	-80,006	-	-271,206	-104,861	-171,678	-59,511	-96,911	-104,074	-618,254	-428,531	-110,918
Cash flows from financing activities:
Proceeds from sale of common stock net of underwriter costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,766,326	1,781,500	750,000	0	-1,000,000	1,000,000	1,041,540	-	-	-	-	-	-	-	0	-	-	-	-	-
Proceeds from senior secured term loan
-	-	-	-	-	-	-	0	2,719,428	-219,428	5,000,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Disbursements for equity offering costs
-	-	-	-	-	-	-	-	-	-	-	0	2,100	529	1,388	0	0	679	0	18,354	0	32,225	75,000	-48,240	0	0	48,240	-	-	-850	-	155,303	-	0	-	-	-	-	-	-	-
Proceeds of stock options exercised and warrants exercised
530,668	192,523	45,190	-	50,041	52,285	7,817	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (repayments on) line of credit, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-250	-	-	-	6,949	-	4,743	-	5,769	5,755	236	1,780	2,513
Proceeds from issuance of common shares and warrants, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	519,370	-	-	-	-	-	-	-	0	-	-	-	-
Principal payments on notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-	0	-	0	0	-	26,514	1,483	1,452	1,422
Proceeds received from issuance of convertible notes and warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-	-300,000	947,000	947,000	1,059,000	150,000	-	-	-	126,000
Proceeds from related party for convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	-	-
Proceeds from loan from related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-600,000	-	578,000	22,000	-	0	300,000	-	-	-	-
Offering costs paid on debt financing
-	-	-	-70,168	70,168	0	29,832	2,201,697	9,326	0	4,707	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	68,888	-	112,020	-	-	-	-	-
Proceeds of warrant exercise
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	-	-
Payments for line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	-	-
Proceeds from note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-	0	-	22,000	0	-	-	-	-	-
Purchase of treasury stock, net of broker fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	-	-
Payments to bank line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	247,000	-	-	-	5,794	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrant Buyback
-	-	-	-	-	-	-	-	-	-	-	0	0	0	400,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-39	0	-147	1	-307	-1,000	-4,518	0	-	-	249,900	-249,900	-	25,000	-	-8,215	-	-	-	-	-
Proceeds from warrant exercise
-	-	-	-	-	-	-	-	-	-	33,876	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock, net of broker fees
-	-	-	-	-	-	7,370,000	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Re-sale of treasury stock, net of broker fees
-	-	-	0	0	0	7,370,000	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Offering costs paid on debt financing
-	-	-	-	-	-	-	-	-	-	267,323	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	504,500	-5,838	-679	5,794	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,475	-68,451	61,582	87,075	191,540	-	-	-494,979	212,406	-	255,774	-	78,398	-	-	-	-	-
Cash flows from operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	120,505	-	-	-	-	-	-	-	41,372	-	-	-	-
Net cash provided by discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,475	-68,451	61,582	87,075	191,540	120,505	-	-457,953	212,406	-	255,774	-	78,398	41,372	-	-	-	-
Repayments of convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,000
Net cash provided by (used in) financing activities
16,529,698	192,523	45,190	9,023,433	-1,049,959	52,285	-22,015	13,444,631	2,870,969	100,662	4,761,846	4,389,739	497,900	440,688	-154,388	-	-	-	-	-	-	-	1,706,353	725,001	803,742	1,638,298	947,242	1,041,540	519,620	-	362,583	-	2,787,950	925,112	812,250	938,765	444,231	-	-	-	112,065
Net (decrease) increase in cash and restricted cash
-	-	-	-	-	-	-	-	-	-	3,457,352	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure cash flow information
Cash paid for interest
327,671	327,260	324,861	-	-	-	-	223,560	181,458	131,977	3,346	152,046	77,449	39,329	28,327	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,539	29,770	29,141	28,876	27,309	29,410	113,238	70,307	78,336	56,083	28,412	11,158	1,494	1,284	-	611	-	183,228	2,196	87,261	2,681	2,431	-	-	-	10,252
Cash paid for income taxes
-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0	0	0	0	-	-	-	0
Supplemental disclosure of non-cash investing and financing activities
Warrants issued as part of senior secured loan
-	-	-	-	-	-	-	-	0	0	478,428	0	-52,500	52,500	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued from conversion of notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of loans payable to convertible notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	0	-	200,000	0	0	0	0
Assets acquired net of liabilities assumed for non-cash consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	0	-	21,206	0	0	0	0
Warrant value recorded as debt issue cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	-	-
Warrant value recorded as debt discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	-	-
Conversion of all preferred shares into common shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	3,469,985	3,469,985	0	0	0	0
Issuance of common stock from conversion of notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	20,000	-	-	-	-	-
Issuance of stock options to officers to settle accrued payroll
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	-	-
Conversion of loans payable to convertible notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	200,000	-	-	-	-	-
Issuance of common shares and warrants to settle accrued interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	-	-
Issuance of stock options to officers to settle note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	22,000	-	-	-	-	-
Liabilities assumed in recapitalization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	21,206	-	-	-	-	-
Settlement of notes payable by disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	15,151	-	-	-	-	-
Issuance of convertible notes payable to pay accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	11,650	-	-	-	-	-
Common stock issued for services
0	0	178,447	-	-	-	-	-	-	-	-	-9,500	-13,000	0	75,002	0	2,800	47,600	0	-	-	-	-	0	0	0	216,000	0	-	-	0	0	-	0	-	0	-	-	-	-	-
Net (decrease) in cash and cash equivalents
-	-	-2,272,151	-	-	-	-4,188,899	-	-	-	-	1,859,119	189,719	227,062	-303,479	-738,926	514,305	-664,313	-486,733	1,001,124	-942,818	684,750	1,169,027	-603,247	-246,063	455,681	-83,973	147,744	-97,894	-	-1,900,118	-	2,211,786	-386,757	-326,420	-174,612	-520,077	-	-	-	38,087
Settlement of notes payable by disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	0	-	15,151	0	0	0	0