Consolidated Statements of Cash Flow (Unaudited) - USD ($)
|
6 Months Ended |
Jun. 30, 2017 |
Jun. 30, 2016 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net loss |
$ (1,071,689)
|
$ (375,608)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Common stock issued for services |
83,750
|
|
| Amortization of debt discount |
66,779
|
|
| Debt increase as a result of a consulting agreement |
|
30,000
|
| Warrants issued for services |
162,544
|
51,156
|
| Change in assets and liabilities |
|
|
| Decrease in deposits and other current assets |
171,869
|
|
| Increase in accounts payable and accrued expenses |
59,671
|
154,286
|
| Net cash used in operating activities |
(527,076)
|
(140,166)
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Proceeds received from convertible loan payable - other |
252,150
|
374,500
|
| Debt transferred out due to assignment |
|
(134,000)
|
| Principal payments on convertible debt - related party |
(45,200)
|
(53,500)
|
| Loan payable-related party-convertible notes |
235,000
|
|
| Net cash provided by financing activities |
441,950
|
187,000
|
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
(85,126)
|
46,834
|
| CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD |
94,664
|
8,076
|
| CASH AND CASH EQUIVALENTS - END OF PERIOD |
9,538
|
54,910
|
| SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES SUPPLEMENTAL CASH FLOW INFORMATION: |
|
|
| Interest |
50,000
|
|
| Income Taxes |
|
|
| NON-CASH SUPPLEMENTAL INFORMATION: |
|
|
| Debt discount from convertible loan payable- related party |
35,300
|
|
| Accrued liability settled by note payment |
|
25,000
|
| Conversion of loans payable for common stock |
30,000
|
|
| Conversion of accrued interest for common stock |
100,000
|
|
| Acquisition of minority interest in Smart Fuel |
360,000
|
|
| Additions to construction in progress in accounts payable |
311,286
|
|
| Debt discount from loan payable other convertible - legal fees |
$ 2,850
|
|