Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating Activities:    
Net loss $ (425,870) $ (420,543)
Adjustments to reconcile net loss to net cash used in operating activities:    
Common shares issued for services 100
Stock compensation 54,444 22,910
Interest expense - note payable 27,690 5,305
Interest expense - amortization of convertible note discount 19,833 61,775
Changes in fair value of convertible note (79,434) 20,856
Changes in assets and liabilities:    
Accounts payable and accrued liabilities 201,610 143,724
Net cash used in operating activities (201,627) (165,973)
Financing Activities:    
Proceeds from issuance of convertible note 49,000
Payments from retirement of convertible note (28,000)
Proceeds from issuance of common stock 50,900
Proceeds from issuance of note 61,983 76,167
Proceeds from issuance of note to related party 10,000 6,000
Proceeds from deferred license income 72,480 60,491
Net cash provided by financing activities 195,363 163,658
Net decrease in cash (6,264) (2,315)
Cash, beginning of Year 15,563 17,878
Cash, end of Year 9,299 15,563
Supplemental disclosures of cash flow information    
Interest
Income taxes