v3.8.0.1
Consolidated Statement of Cash Flows For the Period of July 29, 2016 (Inception) through December 31, 2016
5 Months Ended
Dec. 31, 2016
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES  
Net (loss) $ (162,464)
Amortization of debt discount 24,718
Changes in operating assets and liabilities  
Increase in accounts payable - related parties 72,045
Increase in accrued interest, notes payable - related party 6,697
Increase (decrease) in accrued interest, note payable 614
Net cash flows (used by) operating activities (58,390)
CASH FLOWS FROM INVESTING ACTIVITIES  
Net cash acquired in reverse merger 104,501
Net cash flows provided by investing activities 104,501
NET CHANGE IN CASH 46,111
CASH - BEGINNING OF PERIOD 0
CASH - END OF PERIOD 46,111
Schedule of Non-cash Investing and Financing Activities:  
Conversion of related party debt 115,000 [1]
Receipt of shares of common stock in exchange for assets and liabilities 392,059 [2]
Cash paid for Interest 0
Cash paid for Income taxes $ 0
[1] Into 4,600,000 shares of common stock.
[2] Receipt of 1,368,792 shares of Quove Corporation common stock in exchange for certain assets and liabilities, and subsequent transfer of Quove shares to a trust owned by a minority shareholder of the Company.