v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ (1,819,106) $ 3,989,500
Adjustment to reconcile net income (loss) to net cash used in operating activities:    
Write off of fixed assets 498
(Gain) loss on extinguishment of debt 32,108 (137,054)
Amortization of debt discount 555,717 169,158
Change in fair value of derivative liability 418,664 (4,172,029)
Depreciation and amortization expense 28,465
Impairment loss on cryptocurrency 6,189
Default penalty interest 239,833
Change in operating assets and liabilities:    
Accounts payable and accrued expenses 453,557
Accrued interest 8,956 111,626
Payroll liabilities (188)
Deferred revenue (20,000)
Net cash used in operating activities (95,805) (38,301)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for acquisition of fixed assets (103,805)
Net cash used in investing activities (103,805)
CASH FLOWS FROM FINANCING ACTIVITIES    
Checks drawn in excess of bank balance (18,628)
Proceeds from loans payable 78,000
Repayment of loans payable (65,505)
Proceeds from related party loans 109,232 38,301
Repayment of related party loans (83,386)
Repayment of auto loans (1,694)
Net cash provided by financing activities 18,019 38,301
NET CHANGE IN CASH (181,591)
CASH, beginning of period 183,347
CASH, end of period 1,756
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Issuance of shares of common stock for conversion of debt 1,583,038 47,347
Issuance of shares of common stock for conversion of preferred stock 15,000 3,700
Cancellation of common shares 2,340
Derivative liabilities recognized as debt discounts 132,108
Loan payable paid by related party 29,600
SUPPLEMENTAL DISCLOSURES:    
Cash paid for income taxes
Cash paid for interest