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Proceeds fromconvertible notes$345,000 Proceeds fromconvertible notes related...$135,000 Proceeds from promissorynotes related party$10,000 Net cash provided byfinancing activities$490,000 Net increase(decrease) in cash-$9,416 Canceled cashflow$490,000 Fair value of stockissued for note...-$2,082,423 Gain (loss) onextinguishment of debt-$1,744,906 Stock basedcompensation$838,358 Accrued interest$698,990 Accounts payable andaccrued expenses$629,283 Net cash used inoperating activities-$499,416 Canceled cashflow$5,993,960 Net income (loss)-$6,410,564 Prepaid expenses andother assets$82,812
Cash Flow
source: myfinsight.com