TechCare Corp. - Statements of Cash Flows
|
9 Months Ended |
|
Sep. 30, 2016
USD ($)
|
Sep. 30, 2015
USD ($)
|
| Operating activities: |
|
|
| Net loss |
(1,027,716)
|
(154,604)
|
| Adjustments to reconcile net (loss) to net cash (used in) operating activities: |
|
|
| Depreciation expenses |
5,574
|
5,424
|
| Imputed interest |
4,923
|
0
|
| Changes in net assets and liabilities: |
|
|
| Decrease (increase) in prepaid assets |
$ 51,852
|
$ (53,914)
|
| Decrease (increase) in accounts payable |
(8,338)
|
10,329
|
| (Decrease) increase in accrued expenses |
52,407
|
15,437
|
| (Decrease) increase in deferred revenue |
115,170
|
0
|
| Net cash used in operating activities |
$ (806,128)
|
$ (177,328)
|
| Investing activities: |
|
|
| Purchase of property and equipment |
(23,391)
|
(16,271)
|
| Effect of reverse merger |
1,144,931
|
0
|
| Net cash provided by (used in) investing activities |
$ 1,121,540
|
$ (16,271)
|
| Financing activities: |
|
|
| Proceeds from sale of common stock |
165,000
|
150,000
|
| Net cash provided by financing activities |
165,000
|
150,000
|
| Foreign currency adjustment |
(48,355)
|
(2,472)
|
| Net increase (decrease) in cash |
$ 432,057
|
$ (46,071)
|
| Cash and cash equivalents - beginning of period |
254,324
|
245,483
|
| Cash and cash equivalents - end of period |
686,381
|
199,412
|
| Non cash transactions: |
|
|
| Shares issued for revrse merger |
99
|
0
|