STATEMENT OF CASH FLOWS - USD ($)
|
9 Months Ended |
Sep. 30, 2015 |
Sep. 30, 2014 |
| Cash flows from operating activities: |
|
|
| Net income (loss) |
$ (1,342,813)
|
$ (2,922,527)
|
| Adjustments to reconcile net earnings (loss) to net cash (used in) operating activities: |
|
|
| Issuance of common stock for services |
492,151
|
$ 2,237,729
|
| Issuance of common stock for debt conversion |
206,945
|
|
| Issuance of common stock for compensation |
$ 606,800
|
$ 7,375,930
|
| Issuance of common stock for interest |
|
$ 58
|
| Issuance if common shares for legal award |
$ 1,335
|
|
| Issuance of common stock for rent |
|
$ 19,200
|
| Issuance of common stock from treasury |
$ 4,000
|
|
| Issuance of preferred stock |
300
|
|
| Increase (decrease) in operating assets and liabilities: |
|
|
| Depreciation |
67,722
|
$ 48,423
|
| Acquisition of fixed assets |
$ 11,645
|
|
| Accounts receivable |
|
$ (371,387)
|
| Accounts payable and accrued expenses |
$ (102,351)
|
52,804
|
| Accrued compensation |
35,000
|
$ (6,045,973)
|
| Notes payable |
10,701
|
|
| Payroll liabilities |
(3,737)
|
$ 3,737
|
| Prepaid expenses |
1,884
|
$ 13,125
|
| Director's loan |
1,643
|
|
| Due to related party |
5,311
|
$ (411,434)
|
| Net cash provided by (used in) operating activities |
(3,464)
|
(315)
|
| Net increase (decrease) in cash and cash equivalents |
(3,464)
|
(315)
|
| Cash and equivalents at beginning of period |
3,604
|
478
|
| Cash and equivalents at end of period |
140
|
163
|
| SUPPLEMENTARY DISCLOSURE OF NONCASH TRANSACTIONS |
|
|
| Shares issued for services |
$ 492,151
|
2,237,729
|
| Shares issued to repay note payable |
|
3,058
|
| Shares issued for purchase of gaming equipment |
|
$ 512,093
|
| Shares issued for legal award |
$ 1,335
|
|
| Shares issued for conversion of debt |
206,945
|
|
| Shares issued for compensation |
606,800
|
$ 7,375,930
|
| Preferred shares issued for services |
$ 300
|
|