v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES          
Net (Loss) from continuing operations $ (1,270,800) $ (603,869) $ (6,142,747) $ (696,589)  
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:          
Depreciation 22,463   39,665 70,840  
Loss (gain) from disposal of fixed assets     0 (15,070)  
Bad debt expense 68,049 0 68,049 0  
Amortization of loan discount     522,360 434,960 $ 201,440
Change in value of derivative liability     4,295,382 (581,686)  
Stock based compensation     0 86,751  
Convertible note issued for conversion cost reimbursement     0 3,000  
Conversion cost penalty     543,016 0  
Conversion cost reimbursement 3,000 0 13,520 0  
Other Income     0 0  
Convertible note issued for services rendered     0 0  
(Increase) decrease in:          
Accounts receivable     7,249 (21,169)  
Deposits     (11,721) 0  
Prepaids and other assets     (6,562) (14,100)  
Increase (decrease) in:          
Accounts payable     (215,846) 121,149  
Accrued expenses     210,004 0  
Interest payable     230,983 95,972  
Taxes payable     0 (3,000)  
Accrued payroll taxes     0 0  
Accrued officers' salaries     250,909 0  
Other liabilities - deferred revenue     155,414 0  
Net cash provided by (used in) operating activities     (40,325) (308,865)  
INVESTING ACTIVITIES          
Disposal (Purchase) of fixed assets     0 114,818  
Net cash provided by (used in) investing activities     0 114,818  
FINANCING ACTIVITIES          
Due to related party     0 (6,970)  
Proceeds from convertible notes payable     209,616 402,090  
Proceeds from notes payable - related party     45,000 8,609  
Proceeds from notes payable     0 0  
Repayments of interest payable     (52,020) 0  
Repayments of convertible notes payable     (96,352) 0  
Repayments of notes payable     (8,162) (117,600)  
Repayments to line of credit     0 (7,048)  
Net cash provided by financing activities     98,082 279,081  
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS     57,757 85,034  
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD     118,307 85,034 85,034
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 176,064 $ 68,986 176,064 68,986 $ 118,307
SUPPLEMENTARY DISCLOSURE OF CASH FLOW INFORMATION          
Cash paid during the period for Interest     52,020 43,402  
NON-CASH INVESTING AND FINANCING ACTIVITIES:          
Common stock issued upon conversion of notes payable     788,167 137,187  
Series I Preferred Stock and common stock issued for acquisition     1,855,321 0  
Conversion of preferred stock to common stock     0 5,073  
Reclassification to derivative liabilities from additional paid in capital     694,956 156,252  
Debt discount from derivative liabilities     $ 258,000 $ 484,590  

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