XML 18 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statement of CashFlows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (8,421,262) $ (19,077,831)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 222,532 11,934
Stock based compensation 3,192,648 11,691,085
Interest and amortization of debt discount 383,192  
Gain on sale of securities (75,000)
Change in fair value of re-priced and modified options 2,680,888
Change in fair value of derivative liabilities (351,985)
Changes in operating assets and liabilities    
Accounts receivables 6,889
Prepaid and other (99,852)
Advance settlement (10,394)
Security deposit (2,498)
Deferred revenue (27,010)
Accounts payable and other liabilities 294,255 (63,039)
Net Cash used in operating activities (4,441,379) (5,204,069)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash acquired from acquisition of DDDigtal LLC 8,672
Proceeds from sale of securities 250,000
Purchase of equity investment (100,002)
Purchase of Property and Equipment (3,822) (56,041)
Net Cash used in investing activities (3,822) 102,629
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock subscription 35,000
Proceeds from common stock sales 3,304,000
Proceeds from exercise of warrants 323,000 4,723,197
Repayment of advance (360,000)
Proceeds from advances 503,500
Repayment of loans (510,938)
Net cash provided by financing activities 3,259,562 4,758,197
NET DECREASE IN CASH (1,185,639) (343,243)
Cash, beginning of period 1,201,587 374,490
Cash, end of period 15,948 31,247
Supplemental disclosures of cash flow information:    
Cash paid during period for interest 15,000
Cash paid during period for taxes
Non cash investing and financing activities:    
Common stock issued in settlement of debt 636,250 108,100
Proceeds received from subscriptions receivable 564,000
Common stock issued to acquire DDDigtal LLC 2,883,220
Net assets acquired from acquisition of DDDigtal LLC 15,588
Reclassification of derivative liability to equity upon warrant exercise(s) 610,967
Derivative liability reclassed to retained earnings 9,493,307
Interest settled with common stock $ 32,995