Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (1,557,180) $ (1,180,864)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation 12,148 6,679
Amortization of debt discount 67,268 18,715
Amortization 151,542 124,425
Stock option compensation expense 73,838 77,124
Common stock issued for services 25,860 54,930
Changes in operating assets and liabilities:    
Accounts receivable 33,499 3,302
Inventory 60,497 37,958
Prepaid expenses and other current assets 52,848 52,059
Accounts payable (63,416) (106,298)
Accrued interest 62,847
Accrued interest - related party 6,858
Deferred rents 15,976
Other assets 108,903 467
Net cash used in operating activities (948,512) (911,503)
Cash flows from investing activities:    
Purchase of fixed assets (14,305) (5,621)
Purchase of websites (131,237)
Net cash used in investing activities (14,305) (136,858)
Cash flows from financing activities:    
Sale of common stock 500,000
Repayments on insurance premium notes payable (48,949) (51,337)
Long-term debt - Loan from related parties 950,000 300,000
Net cash provided by financing activities 901,051 748,663
Net decrease in cash (61,766) (299,698)
Cash at beginning of period 162,795 416,187
Cash at end of period 101,029 116,489
Supplemental disclosure of cash flow information    
Cash paid for Interest 52,400 13,714
Cash paid for Income taxes
Non-cash investing and financing activities    
Premium finance loan payable recorded as prepaid 42,362 38,060
Payable for purchase of website 150,000
Debt discount on convertible notes payable $ 522,500