Consolidated Statements of Cash Flows - USD ($)
|
9 Months Ended |
12 Months Ended |
Dec. 31, 2019 |
Dec. 31, 2018 |
Mar. 31, 2020 |
Mar. 31, 2019 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
|
|
| Net loss |
$ (8,587,449)
|
$ (1,010,697)
|
$ (21,285,191)
|
$ (4,978,095)
|
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |
|
|
|
|
| Depreciation |
320,528
|
4,126
|
490,642
|
5,332
|
| Amortization of debt discount |
2,916,917
|
161,154
|
6,152,329
|
1,052,523
|
| Amortization of long-term license agreement |
113,315
|
113,315
|
150,812
|
150,400
|
| Amortization of intangible assets |
213,182
|
256,509
|
256,351
|
239,315
|
| Stock issued for services and compensation |
2,676,439
|
8,333
|
3,098,643
|
109,240
|
| Loan fees on new borrowings |
841,139
|
|
1,209,569
|
704,397
|
| Lease cost, net of repayment |
5,833
|
|
7,333
|
|
| Impairment |
627,452
|
|
4,230,741
|
|
| (Gain) loss on bargain purchase |
|
(2,005,282)
|
|
(971,282)
|
| (Gain) loss on deconsolidation |
(53,739)
|
|
(53,739)
|
|
| (Gain) loss on debt extinguishment |
(1,725,384)
|
(19,387)
|
(2,018,791)
|
(19,387)
|
| (Gain) loss on fair value of derivative liability |
(504,635)
|
|
(571,231)
|
214,376
|
| Realized (gain) loss on cryptocurrency |
657
|
(16,363)
|
815
|
(16,241)
|
| Unrealized (gain) loss on cryptocurrency |
(8,445)
|
(95,810)
|
(113,369)
|
(106,488)
|
| Changes in operating assets and liabilities: |
|
|
|
|
| Receivables |
101,792
|
316,455
|
(180,063)
|
108,907
|
| Prepaid assets |
(313,347)
|
(4,762)
|
(2,003,542)
|
(4,055)
|
| Short-term advances |
(135,000)
|
|
(135,000)
|
|
| Short-term advances from related parties |
(7,000)
|
36,010
|
|
36,010
|
| Other current assets |
40,170
|
585,158
|
205,362
|
461,038
|
| Deposits |
(3,988)
|
(11,603)
|
(12,301)
|
|
| Accounts payable and accrued liabilities |
(284,836)
|
(1,375,229)
|
974,360
|
(1,314,971)
|
| Payroll liabilities |
(864,602)
|
|
(886,352)
|
|
| Customer advance |
342,205
|
265,000
|
127,310
|
265,000
|
| Deferred revenue |
(1,145,149)
|
181,255
|
(1,264,227)
|
1,016,385
|
| Other liabilities |
9,229,393
|
|
15,192,664
|
|
| Accrued interest |
180,026
|
26,000
|
248,310
|
59,345
|
| Accrued interest, related parties |
714,999
|
5,000
|
803,332
|
5,000
|
| Net cash provided by (used in) operating activities |
4,690,473
|
(2,580,818)
|
4,624,767
|
(2,983,251)
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
|
|
| Cash received in acquisition |
|
3,740
|
|
3,740
|
| Cash paid for fixed assets |
(4,171,341)
|
|
(5,245,606)
|
|
| Net cash provided by (used in) investing activities |
(4,171,341)
|
3,740
|
(5,245,606)
|
3,740
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
|
|
| Proceeds from related parties |
2,164,500
|
1,480,777
|
4,484,979
|
1,905,777
|
| Repayments for related party payables |
(1,754,500)
|
(996,169)
|
(2,192,160)
|
(1,367,168)
|
| Proceeds from debt |
2,177,452
|
1,955,000
|
2,527,452
|
4,115,961
|
| Repayments for debt |
(3,801,562)
|
(1,164,396)
|
(5,020,795)
|
(2,936,044)
|
| Payments for share repurchase |
(102)
|
(91,000)
|
(102)
|
(91,000)
|
| Proceeds from the sale of stock |
825,000
|
|
825,000
|
|
| Net cash provided by (used in) financing activities |
(389,212)
|
1,184,212
|
624,374
|
1,627,526
|
| Effect of exchange rate translation on cash |
36
|
(4,251)
|
(2)
|
(5,057)
|
| Net increase (decrease) in cash and cash equivalents |
129,956
|
(1,397,117)
|
3,533
|
(1,357,042)
|
| Cash and cash equivalents-beginning of period |
133,644
|
1,490,686
|
133,644
|
1,490,686
|
| Cash and cash equivalents-end of period |
263,600
|
93,569
|
137,177
|
133,644
|
| Cash paid during the period for: |
|
|
|
|
| Interest |
51,000
|
|
51,000
|
51,000
|
| Income taxes |
9,580
|
44,844
|
7,383
|
70,768
|
| Non cash investing and financing activities: |
|
|
|
|
| Common stock issued for acquisition |
|
1,100,000
|
|
800,000
|
| Beneficial conversion feature |
1,000,000
|
|
1,000,000
|
|
| Stock issued for prepaid services and long term license agreement |
|
1,667
|
|
6,678,360
|
| Cancellation of shares |
3,380,000
|
|
3,380,000
|
|
| Changes in equity for offering costs accrued |
101,387
|
|
101,387
|
525,000
|
| Shares issued for offering costs |
|
|
|
3,000
|
| Accounts payable reclassified to related party debt |
75,000
|
|
75,000
|
|
| Related party debt extinguished with APEX Units |
|
|
(100,000)
|
|
| Derivative liability recorded as a debt discount |
365,000
|
|
715,000
|
510,000
|
| Recognition of lease liability and ROU asset at lease commencement |
$ 131,244
|
|
$ 131,244
|
|