Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net income (loss) $ (399,841) $ 2,418,007
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Amortization and depreciation 102,842 5,205
Stock-based compensation 154,213
Change in fair value of LTC cryptocurrency coins 63,487
Change in fair value of derivative liability 4,105
Gain on settlement of liabilities (61,709) (2,547,050)
Changes in operating assets and liabilities:    
Accounts receivable (41,797) (3,643)
Lifeline revenue due from USAC 123,648 81,293
Customer phone supply (561,642) 222,664
LTC Cryptocurrency Coins (45,880)
Prepaid expenses (5,635)
Loss contingency (41,500)
Accounts payable and accrued expenses 897,660 (2,631,926)
Net cash provided by operating activities 187,951 91,600
Investing activities    
Net cash received in business combination 243,768
Net cash provided by investing activities 243,768
Financing activities    
Capital contributions - net (5,189)
Due from related party - net 17,554 416,000
Proceeds from note payable 163,500 148,018
Loan repayments - related party (477,741)
Net cash (used in) provided by financing activities (296,687) 558,829
Net increase in cash and cash equivalents 135,032 650,429
Cash and cash equivalents, beginning of period 1,274,160 439,272
Cash and cash equivalents, end of period 1,409,192 1,089,701
Cash paid for interest and income taxes:    
Interest 6,851
Income taxes 82,230
Non-cash investing and financing activities:    
Acquisition of customer phones through related party note payable 35,000
Debt acquired in business combination 300,000
Exchange of Common Stock for Series C Preferred Stock 148,741
Liabilities settled in Common Stock $ 666,141