Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net loss $ (967,577) $ (614,645)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Amortization and depreciation 35,084 231,926
Common stock issued for services 751,967 142,500
Amortization of debt discount 25,662 2,860
Loss on debt settlement 4,238
Loss on change in fair value of derivative liability 50,199
Changes in operating assets and liabilities:    
Accounts receivable 38,836 (20,918)
Prepaid expenses 19,541
Deferred revenue (109,200) (193,701)
Credit card liability 181,611
Accounts payable and accrued expenses 113,114 280,016
Net cash provided by (used in) operating activities (57,677) 29,190
Financing activities    
Loan proceeds 140,000 400,000
Loan repayment (152,580) (351,545)
Common stock sold for cash 55,000
Advances from related party, net of repayment 35,000
Net cash provided by financing activities 77,420 48,455
Net increase in cash and cash equivalents 19,743 77,645
Cash and cash equivalents, beginning of period 63,709 69,489
Cash and cash equivalents, end of period 83,452 147,134
Supplemental cash flow information    
Interest 74,773 459
Income taxes
Non-cash investing and financing activities:    
Common stock issued for loan costs 300,000
Common stock issued for debt conversions 40,084
Common stock issued for settlement of accrued expenses 248,605
Common stock issued for services recorded as prepaid expenses 14,928
Common stock issued for deposit on acquisition $ 1,200,000