Financial Information

Cash Flow

v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (Loss) income $ (1,696,554) $ (8,597)
Adjustments to reconcile net (loss) income to net cash provided by (used) in operating activities    
Amortization of debt discount 86,268 46,789
Amortization of intangibles 167,807
Operating Lease Payments 3,453  
(Gain) loss on discontinued operations and disposal (775,738)
Stock issued for services 16,000  
Stock compensation expense 373,060 340,395
Liability to issue shares for services 242,969
Changes in Assets and Liabilities    
Trade accounts receivable (4,218) 64,145
Product deposit (98,275) (67,500)
Inventory 319,330 174,047
Other current assets 144,241 (124,942)
Deferred revenue (23,871) 1,727
Deferred tax liability (4,000)
Accounts payable and accrued expenses 1,113,972 (29,463)
Net cash provided by (used in) operating activities of continuing operations 640,182 (379,137)
Net cash used in operating activities of discontinued operations 140,488
Net cash provided by operating activities 640,182 (238,649)
CASH FLOWS FROM INVESTING ACTIVITIES    
Payment to seller for contingent consideration (500,000)
Proceeds from sale of legacy business 390,000
Net cash (used in) provided by investing activities (500,000) 390,000
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions to non-controlling interest (34,298)  
Proceeds from notes payable 50,000
Repayment of notes payable (70,870) (167,479)
Net cash provided by (used in) financing activities (55,168) (167,479)
Net increase in cash 85,014 (16,128)
Cash at beginning of the period 180,093
Cash at end of the period 265,107 (16,128)
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 4,383 4,723
Retirement of stock 460,000
Stock repurchase from shareholder 460,000
Conversion of liability as consideration on sale of legacy business $ 150,000
Agreement to issue shares for non-controlling interest in CVLB PR $ 907,030  

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