v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 2,231,803 $ (471,195)
Adjustment to reconcile net income to net cash provided by operating activities:    
Change in fair value of derivative liability (8,398,544) (68,486)
Beneficial conversion feature and derivative interest 5,091,530 512,403
Stock issued for services 15
Fixed assets written off 498
Gain on extinguishment of debt (137,054)
Amortization of debt discount 425,885 18,410
Depreciation and amortization expense 7,734
Loss on cryptocurrency 26,028
Default penalty interest on convertible notes 213,414
Change in operating assets and liabilities:    
Accounts receivable (38,890)
Prepaid expenses (7,700)
Other current assets (265,044)
Accounts payable and accrued expenses 92,582
Payroll liability 25,888
Deferred revenue 599,238
Net cash provided by operating activities - continuing operations (132,617) (8,868)
Net cash provided by operating activities - discontinued operations (241,682)
Net cash provided by operating activities (132,617) (250,550)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for asset acquisitions (633,567)
Net cash used in investing activities - continuing operations (633,567)
Net cash used in investing activities - discontinued operations
Net cash used in investing activities (633,567)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from related party loans 344,401
Repayment of related party loans (18,874)
Proceeds from convertible debt 676,500 192,500
Net cash provided by financing activities - continuing operations 1,002,027 192,500
Net cash provided by financing activities - discontinued operations 53,790
Net Cash provided by financing activities 1,002,027 246,290
NET CHANGE IN CASH 235,843 (4,260)
Cash, beginning of period 4,260
Cash, end of period 235,843
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Issuance of shares of common stock for convertible debt 407,985
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
Replacement of convertible note to convertible note - related parties 74,084
SUPPLEMENTAL DISCLOSURES:    
Cash paid for income taxes
Cash paid for interest