CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
|
3 Months Ended |
Mar. 31, 2018 |
Mar. 31, 2017 |
| Cash Flows from Operating Activities: |
|
|
| Net loss |
$ (1,223,247)
|
$ (1,335,829)
|
| Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities: |
|
|
| Interest on convertible debentures |
158,898
|
110,158
|
| Accretion expense |
708,663
|
536,106
|
| Shares issued for services |
0
|
9,440
|
| Loss on investment |
0
|
175,000
|
| Changes in Operating Assets and Liabilities |
|
|
| Increase in accounts receivable |
(735)
|
(796)
|
| Increase (decrease) in accounts payable |
264,135
|
(62,408)
|
| Net Cash Used in Operating Activities |
(92,286)
|
(568,329)
|
| Cash Flows from Investing Activities: |
|
|
| Purchase of investment in Hang With |
0
|
(175,000)
|
| Net Cash Used in Investing Activities |
0
|
(175,000)
|
| Cash Flows Probided by Financing Activities: |
|
|
| Proceeds from convertible debentures (net) |
207,000
|
628,060
|
| Net Cash Provided by Financing Activities |
207,000
|
628,060
|
| Net Increase (Decrease) in Cash |
114,714
|
(115,269)
|
| Cash on Hand - Beginning |
0
|
119,804
|
| Cash on Hand - Ending |
114,714
|
4,535
|
| Supplemental Cash Flow Information: |
|
|
| Cash paid for interest |
0
|
0
|
| Cash paid for income taxes |
0
|
0
|
| Non-cash Investing and Financing Items: |
|
|
| Shares issued for conversion of debt (net) |
0
|
0
|
| Convertible debentures issued to extinguish promissory notes |
0
|
0
|
| Cash consists of: |
|
|
| Cash |
$ 114,714
|
$ 119,804
|