XML 14 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ 933,935 $ (3,074,179)
Adjustments to Reconcile Net Loss to Net Cash Used In Operating Activities:    
Depreciation and amortization expense 25,004 17,199
Amortization of debt discounts 2,834,620 87,677
Gain on sale of subsidiary (146,647)
Loss on extinguishment of debt 1,464,698
Gain on forgiveness of debt (48,234)
Stock-based compensation 181,004 265,529
Issuance of common stock for services 401,800
Fair value of warrants issued for services 157,969
Gain on exchange of equity investments, and gain on change in fair value (6,275,070)
Loss on goodwill impairment 1,949,884
Changes in Assets and Liabilities:    
Accounts receivable (375,636) (2,137,831)
Accounts receivable - related party (626,141)
Inventory 667,244 (1,627,085)
Prepaid expenses (813,157) (2,242,785)
Prepaid expenses - related party (1,397,801) (465,927)
Other assets 886,770 (166,896)
Accounts payable and accrued expenses 260,893 1,056,165
Accounts payable and accrued expenses - related party 243,834 (12,778)
Taxes payable 64,885 209,667
NET CASH USED IN OPERATING ACTIVITIES (1,961,830) (5,739,560)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (30,755) (13,925)
Refundable deposit for pending acquisition (450,000)
Cash received from acquisition 40,858
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (480,755) 26,933
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of convertible note payable (2,115,286)
Payment of related party note payable (18,595) (63,200)
Payment of note payable (1,266,798) (461,888)
Proceeds from note payable 2,150,070 6,891,203
Payment of related party loan (581,388) (232,051)
Proceeds from related party loan 1,529,472 625,641
Payment of loans payable (20,082)
Proceeds from issuance of share settled debt obligation 1,554,590
Sale of common stock and warrants 91,780
Purchase of treasury stock (46,488)
Deferred financing fees (213,626)
NET CASH PROVIDED BY FINANCING ACTIVITIES 3,050,577 6,617,777
Effect of exchange rate changes on cash (158,235) (269,568)
NET INCREASE IN CASH 449,757 635,582
CASH AT BEGINNING OF PERIOD 782,853 716,590
CASH AT END OF PERIOD 1,232,610 1,352,172
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period: Interest 299,946 127,157
Cash paid during the period: Income Tax
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Acquisition of Decahedron 1,479,000
Reversal of proceeds due from noteholder due to repayment of note 11,813
Proceeds due from sale of subsidiary 5,811
Pre-delivery shares issued for future conversion of convertible notes payable 670
Related party accrual for repurchase of shares of common stock 23,244
Discounts related to warrants issued with convertible debentures 910,078
Discounts related to beneficial conversion features of convertible debentures 934,922
Conversion of convertible notes payable to common stock $ 164,965