Cash Flow

v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Cash Flows From Operating Activities          
Net Loss $ (3,739,615) $ (1,671,930) $ (6,027,866) $ (3,397,309) $ (7,215,820)
Net loss from discontinued operations     493,664    
Net Loss From Continuing Operations (3,739,615) (1,671,930) (5,534,202) (3,397,309)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation and amortization     163,196 152,224  
Amortization of Debt Discounts     31,002 10,424 10,424
Warrants issued in conjunction with advances     27,945    
Changes in operating assets and liabilities:          
Change in Accounts Receivable       980  
Change in Inventory     (14,731)    
Change in Prepaid Expenses     (96,675) (1,639)  
Change in Accounts Payable and accrued liabilities     72,260 477,587  
Change in Accounts Payable and accrued liabilities - Related Party     (231,181) 50,972  
Change in Accrued Interest     1,210 885,870  
Change in Accrued Interest - Related Party     334,491 321,032  
Change in Deferred Revenue     (4,893) (4,237)  
Change in Wages Payable     2,156,317 483,896  
Net Cash Used in Operating Activities, Continuing Operations     (3,095,261) (1,020,200)  
Net Cash Provided by Operating Activities, Discontinued Operations     45,028    
Net Cash Used in Operating Activities     (3,050,233) (1,020,200)  
Cash Flows From Investing Activities          
Proceeds from business acquisition     10,559    
Purchases of Intangible Assets     (417,004) (237,953)  
Net Cash Used in Investing Activities, Continuing Operations     (406,445) (237,953)  
Net Cash Used in Investing Activities     (406,445) (237,953)  
Cash Flows From Financing Activities          
Proceeds from sale of common stock     4,532,452    
Proceeds from sale of preferred stock     275,000 833,000  
Proceeds from Subscriptions Payable     20,000 460,000  
Proceeds from issuance of short term convertible notes     100,000    
Proceeds from advances - related party     115,000    
Repayments of short term notes     (36,489)    
Repayments of short term convertible notes     (100,000)    
Repayments on long term debt     (233,342)    
Net Cash Provided by Financing Activities, Continuing Operations     4,672,621 1,293,000  
Net Cash Used in Financing Activities, Discontinued Operations     (54,735)    
Net Cash Provided by Financing Activities     4,617,886 1,293,000  
Net Increase In Cash     1,161,208 34,847  
Cash, Beginning of Period     57,033 3,020 3,020
Cash, End of Period $ 1,218,241 $ 37,867 1,218,241 37,867 $ 57,033
NON-CASH INVESTING AND FINANCING ACTIVITIES          
Wages Payable Included in Capitalized Intangible Assets     225,105 258,104  
Common stock converted to preferred stock     500    
Business acquisition     483,957    
Warrants issued in conjunction with debt agreements     31,002    
Warrants issued and expensed in conjunction with advances     27,945    
Supplemental Disclosure of Cash Flow Information:          
Cash paid for interest     14,597    
Cash paid for income taxes      

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