• Filing Date: 2018-11-14
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities    
Net income (loss) $ (1,395,557) $ (2,897,704)
Non cash items    
Accretion expense   1,046,271
Accrued interest 1,070,150 860,405
Financing costs   362,720
Foreign exchange gain (loss) 5,624 (12,339)
Change in fair value of derivative liability (281,263) (83,942)
Stock-based compensation 32,684 (47,933)
Changes to operating assets and liabilities:    
Accounts receivable   12,428
Prepaids (12,528) 1,462
Accounts payable 12,348 46,482
Accrued liabilities (1,019) (4,500)
Wages payable (15,641) 36,940
Due to related parties 1,969 191,071
Net cash provided by (used in) operating activities (31,955) (296,077)
Cash Flows from Financing Activities    
Proceeds from notes and advances payable 27,839 299,816
Net cash provided by financing activities 27,839 299,816
Cash Flows from Investing Activities    
Divestiture of subsidiary 557  
Net cash used by investing activities 557  
Effects of foreign currency exchange (70) 388
Net increase (decrease) in cash (3,629) 4,127
Cash, beginning of period 3,849 3,794
Cash, end of period 220 7,921
Supplemental Disclosure of Cash Flow Information:    
Income tax
Interest