Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.6.0.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net loss $ (1,715,505) $ (214,144)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Amortization and depreciation 463,852 191,237
Common stock issued for services 1,025,029 48,000
Amortization of debt discount 2,860
Changes in operating assets and liabilities:    
Accounts receivable (increase) decrease 56,207 (184,332)
Prepaid expenses increase (2,000)
Deferred revenue - (decrease) (352,540)
Credit card liability - increase 72,892
Accounts payable and accrued expenses - increase 155,597 119,371
Net cash used in operating activities (293,608) (39,868)
Investing activities    
Cash received in excess of cash paid in acquisition by Ksix Media 32
Net cash provided by investing activities 32
Financing activities    
Issuance of common stock for cash 190,000 160,065
Advances from related party, net of repayment 40,000 95,637
Loan proceeds 500,000
Loan repayment (442,680) (147,641)
Net cash provided by financing activities 287,320 108,061
Net increase (decrease) in cash and cash equivalents (6,288) 68,225
Cash and cash equivalents, beginning of period 69,489 37,817
Cash and cash equivalents, end of period 63,201 106,042
Supplemental cash flow information    
Interest 23,665 4,380
Income taxes
Non-cash investing and financing activities:    
Common stock issued for notes payable 100,000
Common stock issued for loan fees $ 300,000