Kush Bottles, Inc. - Condensed Consolidated Statements of Cash Flows - USD ($)
|
9 Months Ended |
May 31, 2017 |
May 31, 2016 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| NET INCOME (LOSS) |
$ (151,545)
|
$ 39,981
|
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |
|
|
| Depreciation and amortization |
142,814
|
58,278
|
| Stock compensation expense |
522,226
|
60,100
|
| Changes in operating assets and liabilities |
|
|
| Accounts receivable |
(625,760)
|
(65,963)
|
| Prepaids |
(213,436)
|
(334,935)
|
| Inventory |
(1,305,102)
|
(401,289)
|
| Deposits |
(28,379)
|
(12,220)
|
| Accounts payable |
634,741
|
(110,111)
|
| Accrued expenses and other current liabilities |
94,603
|
75,622
|
| Net cash used in operating activities |
(929,838)
|
(690,537)
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Acquisition of web domain |
(150,000)
|
|
| Acquisition of CMP Wellness, LLC |
(1,500,000)
|
|
| Purchase of property and equipment |
(777,542)
|
(78,969)
|
| Net cash used in investing activities |
(2,427,542)
|
(78,969)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
| Repayment of related party loan |
|
(75,000)
|
| Drawdown on line of credit |
|
155,000
|
| Proceeds from notes payable |
24,785
|
|
| Repayment of notes payable |
(21,614)
|
(17,541)
|
| Proceeds from stock option exercises |
44,001
|
|
| Proceeds from sale of stock |
3,009,897
|
860,035
|
| Net cash provided by financing activities |
3,057,069
|
922,494
|
| NET INCREASE (DECREASE) IN CASH |
(300,311)
|
152,988
|
| Cash, beginning of period |
1,027,003
|
201,259
|
| Cash, end of period |
726,692
|
354,247
|
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: |
|
|
| Cash paid for interest |
3,855
|
17,461
|
| Cash paid for income taxes |
|
|
| NON-CASH INVESTING AND FINANCING ACTIVITIES |
|
|
| Services prepaid for in common stock |
169,955
|
|
| Fair value of shares issued related to acquisition of business |
19,500,000
|
|
| Fair value of shares issued related to acquisition of web domain |
466,000
|
|
| Fair value of contingent equity consideration |
$ 11,229,760
|
|