Consolidated of Cash Flows (Unaudited) - USD ($)
|
6 Months Ended |
Jun. 30, 2017 |
Jun. 30, 2016 |
| Cash Flows from Operating Activities: |
|
|
| Net loss after non-controlling interest |
$ (1,625,735)
|
$ (3,744,081)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Non-controlling interest |
(9,630)
|
(5,383)
|
| Imputed interest |
119,518
|
120,595
|
| Shares issued for services |
720,200
|
1,046,414
|
| Shares issued for other expense |
|
45,000
|
| Debt discount amortization |
328,537
|
375,565
|
| Stock based compensation |
154,943
|
1,123,735
|
| Excess derivative liability expense |
144,143
|
288,126
|
| Loss on disposal of equipment |
|
2,926
|
| Depreciation expense |
|
217
|
| Amortization of debt issue costs |
13,004
|
11,941
|
| Debt issue costs expensed |
|
|
| Default penalties on convertible notes |
|
14,490
|
| License fee amortization |
41,667
|
41,663
|
| Allowance for doubtful accounts |
25,000
|
|
| Gain on disposal of business |
(2,213,103)
|
|
| Loss on derivative fair value adjustment |
1,848,999
|
(392,186)
|
| Changes in Operating Assets and Liabilities: |
|
|
| Accounts receivable |
1,363
|
2,598
|
| Accounts receivable, related party |
(49,720)
|
|
| Prepaid expenses |
44,758
|
|
| Accounts payable |
317,301
|
340,801
|
| Related party interest payable |
|
11,240
|
| Deferred revenue |
21,874
|
|
| Net Cash Used by Operating Activities |
(116,881)
|
(716,339)
|
| Cash Flows from Investing Activities: |
|
|
| Due from related parties |
|
36,727
|
| Net Cash Provided by Investing Activities |
|
36,727
|
| Cash Flows from Financing Activities: |
|
|
| Bank overdraft |
(7)
|
(1,081)
|
| Proceeds from loans payable |
25,000
|
(2,500)
|
| Proceeds from convertible notes |
|
812,380
|
| (Repayments of) proceeds from related party loans |
(100,542)
|
(38,626)
|
| Cash acquired through reverse recapitalization |
|
1,184
|
| Net Cash Provided by Financing Activities |
(75,549)
|
771,357
|
| Net Increase (Decrease) in Cash |
(192,430)
|
91,745
|
| Cash at Beginning of Period |
256,302
|
18,047
|
| Cash at End of Period |
63,872
|
109,792
|
| Supplemental disclosure of cash flow information |
|
|
| Cash paid for interest |
|
|
| Cash paid for income taxes |
|
|
| Supplemental disclosure of non-cash financing activities |
|
|
| Common stock issued as related party loan and accrued interest repayment |
294,923
|
|
| Common stock issued for conversion of convertible note principal |
167,069
|
224,495
|
| Common stock issued for conversion of convertible accrued interest |
11,580
|
15,721
|
| Common stock issued as loan repayment |
|
13,260
|
| Common stock issued for prepaid expense |
|
$ 1,046,414
|