v3.20.1
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) $ (2,098,274) $ 3,989,500
Adjustment to reconcile net income (loss) to net cash provided operating activities:    
Fixed assets written off 498
(Gain) loss on extinguishment of debt 198,403 (137,054)
Amortization of debt discount 767,697 169,158
(Gain) loss in fair value of derivative 314,569 (4,172,029)
Depreciation and amortization expense 28,465
Impairment loss on cryptocurrency 6,189
Default penalty interest 239,833
Write-off of other current asset 51
Change in operating assets and liabilities:    
Accounts payable and accrued expenses 453,557
Accrued interest 13,893 111,626
Payroll liability (188)
Deferred revenue (20,000)
Net cash used in operating activities (95,805) (38,301)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for fixed assets acquisition (103,805)
Net cash used in investing activities (103,805)
CASH FLOWS FROM FINANCING ACTIVITIES    
Bank overdraft (18,628)
Proceeds from notes payable 78,000
Repayment of notes payable (65,505)
Proceeds from related party loans 109,232 38,301
Repayment of related party loans (83,386)
Repayment of auto loan (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
Derivative liabilities recognized as debt discounts 722,190
Loan payable paid by related party 29,600
SUPPLEMENTAL DISCLOSURES:    
Cash paid for income taxes
Cash paid for interest