XML 17 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (1,509,819) $ 70,875
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 0 150,000
Depreciation and amortization 19,281 3,275
Amortization of debt discount 541,894 0
Change in fair value of derivative liabilities 547,671 0
Changes in operating assets and liabilities:    
Accounts receivable 228,929 (835,834)
Accounts receivable - related party (10,701) 0
Other current assets (91,576) (48,961)
Accounts payable (351,267) 527,742
Other current liabilities (42,149) (5,504)
Net cash used in operating activities (667,737) (138,407)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment of loan receivable - related party (10,000) 0
Collection from loan receivable - related party 10,000 0
Net cash used in investing activities 0 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Bank overdraft (82) 0
Proceeds from loans payable 64,400 332,182
Repayments of loans payable (171,302) (326,436)
Proceeds from loans payable - related parties 46,438 800
Repayment of loans payable - related parties (32,400) (850)
Contribution 10,000 134,800
Proceeds from convertible notes 1,048,500 0
Repayment of convertible notes (221,901) 0
Net cash provided by financing activities 743,653 140,496
Net change in cash and cash equivalents 75,916 2,089
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 4,570 23,266
Cash and Cash Equivalents, at Carrying Value, Ending Balance 80,486 25,355
Supplemental cash flow information    
Cash paid for interest 208,557 148,406
Cash paid for taxes 0 0
Non-cash transactions:    
Derivative liabilities recognized as debt discount 403,800 0
Related party debt forgiveness 0 45,200
Common stock issued in conjunction with convertible notes 494,700 0
Common stock issued for conversion of debt $ 5,000 $ 0