Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows (Unaudited)

v3.20.2
Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities:    
Net loss $ (862,000) $ (1,226,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 28,000 33,000
Common stock issued for employee compensation 25,000 131,000
Amortization of debt discount on convertible notes payable 62,000
Gain on disposition of assets 2,000
Loss on Write-down of assets 25,000
SBA EIDL grant (3,000)
Unrealized (gain) loss on trading securities (3,000)
Changes in operating assets and liabilities:    
Decrease in accounts receivables (63,000) (27,000)
Decrease in prepaid expenses 13,000 2,000
(Increase) Decrease in operating lease right-of-use asset 29,000 (7,000)
Increase in accounts payable and accrued liabilities 456,000 61,000
Increase in accrued interest on short-term advances - related party 51,000 30,000
Increase in accrued interest on line of credit - related party 52,000 49,000
Increase in accrued interest and liquidated damages on convertible notes 46,000 98,000
Net Cash Used in Operating Activities (79,000) (737,000)
Cash Flows From Investing Activities:    
Purchase of property and equipment 5,000
Sale of property and equipment 8,000
Net Cash Used in Investing Activities 3,000
Cash Flows From Financing Activities:    
Proceeds from short-term advances - related party 749,000
Proceeds from SBA EIDL grant 3,000
Proceeds from SBA PPP note payable 71,000
Net Cash Provided by Financing Activities 74,000 749,000
Net increase (decrease) in Cash, cash equivalents, and restricted cash (2,000) 12,000
Cash, cash equivalents, and restricted cash at beginning of period 10,000 24,000
Cash, cash equivalents, and restricted cash at end of period 8,000 36,000
Supplemental Disclosure of Interest and Income Taxes Paid:    
Interest paid during the year 1,000
Income taxes paid during the year
Supplemental Disclosure of Non-cash Investing and Financing Activities:    
Warrants issued to settle convertible notes payable 95,000
Partial conversion of notes payable to common stock $ 152,000 $ 50,000