v3.20.1
Condensed Consolidated Statements of Cash-Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ (3,375,362) $ 3,347,781
Loss from dicontinued operations 947,572
Loss from continuing operations (2,854,197) 3,347,781
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Fixed assets written off 498
(Gain) loss on extinguishment of debt 198,403 (137,054)
Amortization of debt discount 1,011,433 216,472
Change in fair value of derivative liability 1,460,364 (3,614,566)
Subscription receivable write-off 250
Change in operating assets and liabilities:    
Accrued interest 47,675 132,671
Net cash used in operating activities - continuing operations (136,322) (53,948)
Net cash used in operating activities - discontinued operations (322,902)
Net cash used in operating activities (459,224) (53,948)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash used in investing activities - continuing operations
Net cash used in investing activities - discontinued operations (103,805)
Net cash used in investing activities (103,805)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from convertible notes payable 125,000
Proceeds from related party loans 28,727 54,401
Repayment of related party loans (20,000)
Net cash provided by financing activities - continuing operations 133,727 54,401
Net cash provided by financing activities - discontinued operations 250,394
Net cash provided by financing activities 384,121 54,401
NET CHANGE IN CASH (178,908) 453
CASH, beginning of period - continuing operation 7,034
Cash, beginning of period - discontinued operation 176,313
CASH, end of period - continuing operation 4,439 453
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Issuance of shares of common stock for conversion of debt 1,583,038 64,997
Issuance of shares of common stock for conversion of preferred stock 15,000 3,700
Derivative liabilities recognized as debt discounts 847,190
Cancellation of common shares 2,340
SUPPLEMENTAL DISCLOSURES:    
Cash paid for income taxes
Cash paid for interest