XML 16 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net loss from continuing operations $ (262,040) $ (256,671)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 5,626 3,376
Change in operating assets and liabilities:    
Increase in accrued expenses and other current liabilities 111,757 41,060
Increase (decrease) in due to related parties 7,000 (650,000)
Net cash used in operating activities (137,657) (862,235)
Cash flows from financing activities    
Borrowings from related parties 50,000 950,000
Net cash provided by financing activities 50,000 950,000
Effect of exchange rates on cash
Net increase (decrease) in cash (87,657) 87,765
Cash, beginning of period 93,332 18,645
Cash, end of period 5,675 106,410
Supplemental disclosure of cash flow information    
Interest expense paid 31,945 9,500
Income taxes paid 1,850 830
Non-cash financing and investing activities    
Common shares issued for due to related parties 5,850,000
Common shares issued for employees $ 80,000