v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (Loss) from continuing operations $ (4,871,847) $ (92,720)  
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Depreciation 17,692 22,463  
Amortization of loan discount 84,369 201,440 $ 201,440
Change in value of derivative liability 3,923,226 (530,290)  
Stock based compensation 0 11,074  
Convertible note issued for conversion cost reimbursement 0 4,500  
Conversion cost penalty 532,496 0  
Conversion cost reimbursement 10,520 0  
(Increase) decrease in:      
Accounts receivable 47,025 5,790  
Deposits 12,699 0  
Prepaids and other 2,502 (15,291)  
Increase(decrease) in:      
Accounts payable (46,921) 48,044  
Accrued expenses (100,000) 947  
Interest payable 99,259 45,907  
Taxes payable 0 (1,500)  
Accrued payroll taxes 0 (733)  
Accrued officers' salaries 100,665 75,000  
Other liabilities - deferred revenue 67,328 0  
Net cash used in operating activities (120,987) (225,369)  
INVESTING ACTIVITIES      
Disposal (Purchase) of fixed assets 0 5,947  
Net cash provided by (used in) investing activities 0 5,947  
FINANCING ACTIVITIES      
Due from related party 0 (2,200)  
Due to shareholder 30,000 0  
Proceeds from convertible notes payable 56,616 257,090  
Proceeds from notes payable - related party 41,107 8,609  
Repayments of interest payable (52,020) 0  
Repayments of convertible notes payable (40,000) 0  
Repayments of notes payable (8,162) (10,141)  
Net cash provided by financing activities 27,541 253,358  
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (93,446) 33,936  
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 118,307 68,986 68,986
CASH AND CASH EQUIVALENTS, END OF PERIOD 24,861 102,922 $ 118,307
SUPPLEMENTARY DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid during the period for Interest 52,020 21,031  
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Common stock issued upon conversion of notes payable 825 87,500  
Series I Preferred Stock issued for compensation 200,000 0  
Conversion of preferred stock to common stock 0 2,556  
Derivative liability settled upon conversion 694,667 190,912  
Reclassification to derivative liabilities from additional paid in capital 0 95,456  
Debt discount from derivative liabilities $ 0 $ 257,090  

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