v3.19.2
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ 1,011,919 $ (4,315,032)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Change in fair value of derivative liability (8,255,968) 3,864,796
Beneficial conversion feature and derivative interest 5,536,110 372,697
Stock issued for services 15
Stock donated 121,450
Net loss on fixed assets disposal 110
Gain on extinguishment of debt (137,054)
Amortization of debt discount 501,800 62,866
Bad debt expense 181,003
Contingency loss 83,000
Depreciation and amortization expense 28,722
Cryptocurrency impairment 49,275
Default penalty interest on convertible notes 218,522
Changes in operating assets and liabilities:    
Accounts receivable (181,003)
Prepaid expense (4,617)
Accrued interest 40,283 14,673
Accrued interest - related party 14,798
Accounts payable and accrued expenses 63,704
Payroll liability 7,707
Deferred revenue 275,362
Net cash used in operating activities - continuing operations (444,862)
Net cash provided by operating activities - discontinued operations (315,495)
Net cash used in operating activities (444,862) (315,495)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of cryptocurrency (55,464)
Cash paid for fixed asset acquisitions (663,663)
Net cash used in investing activities - continuing operations (719,127)
Net cash used in investing activities (719,127)
CASH FLOWS FROM FINANCING ACTIVITIES    
Checks drawn in excess of bank balance 27,793
Proceeds from preferred share issuance 125,000
Proceeds from notes payable 406,950
Repayment of notes payable (121,241)
Shareholder contributions 65,405
Capital reduction (25,000)
Purchase of treasury stock (71,670)
Proceeds from related party loans 379,401
Repayment of related parties loans (18,874)
Repayment of auto loan (3,193)
Proceeds from convertible debt 676,500 217,500
Net cash provided by financing activities - continuing operations 1,347,336 311,235
Net cash provided by financing activities 1,347,336 311,235
NET CHANGE IN CASH 183,347 (4,260)
CASH, beginning of period 4,260
CASH, end of period 183,347
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Conversion of debt and accrued interest into common stock 407,985 35,584
Issuance of shares of common stock for conversion of preferred stock 4,700
Cancellation of common shares 2,340
Loans issued to acquire fixed assets 843,705
Derivative liabilities recognized as debt discount 716,500
Transfer of Kodiak convertible note to S&E convertible note - related parties 34,084
Net assets acquired in business combination 299,770
SUPPLEMENTAL DISCLOSURES:    
Cash paid for income taxes
Cash paid for interest