Financial Information

Cash Flow

v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (Loss) income $ (2,801,196) $ (541,896)
Adjustments to reconcile net (loss) income to net cash provided by (used) in operating activities    
Amortization of debt discount 324,448 181,309
Amortization and depreciation 41,891
Amortization of intangibles 251,709  
Operating Lease Payments 4,536
(Gain) loss on discontinued operations and disposal (918,537)
Stock issued for services 16,000  
Stock compensation expense 540,015 458,850
Liability to issue shares for services
Changes in Assets and Liabilities    
Trade accounts receivable 33,799 (47,441)
Product deposit (18,511) (90,200)
Inventory 275,091 57,812
Other current assets 154,057 (138,050)
Deferred revenue 158,255 15,348
Deferred tax liability (4,000)
Accounts payable and accrued expenses 1,158,293 208,426
Net cash provided by (used in) operating activities of continuing operations 92,496 (772,488)
Net cash used in operating activities of discontinued operations 283,287
Net cash provided by operating activities 92,496 (489,201)
CASH FLOWS FROM INVESTING ACTIVITIES    
Payment to seller for contingent consideration (500,000)
Purchase of subsidiary, net of cash received (148,555)
Proceeds from sale of legacy business 390,000
Net cash (used in) provided by investing activities (500,000) 241,445
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions to non-controlling interest (61,626)  
Investment in subsidiary by noncontrolling interest, net 127,048
Proceeds from convertible note payable 1,126,250 550,000
Repayment of notes payable (345,000) (167,479)
Proceeds from options exercise 4,080
Purchase of shares and warrants 349,999
Debt issuance costs (61,320)
Proceeds from notes payable
Net cash provided by (used in) financing activities 1,008,303 513,649
Net increase in cash 600,799 265,893
Cash at beginning of the period 180,093 141,379
Cash at end of the period 780,893 407,272
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 324,372 4,723
Issuance of company stock for investment in subsidiary 900,000
Retirement of stock 460,000
Stock repurchase from shareholder 460,000
Conversion of liability as consideration on sale of legacy business 150,000
Warrants issued in relation to debt 569,147 533,691
Conversion of notes payable $ 310,752

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