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, 2018
Mar. 31, 2017
Operating activities    
Net loss $ (264,998) $ (967,577)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Amortization and depreciation 17,643 35,084
Common stock issued for services 35,000 751,967
Amortization of debt discount 25,662
(Gain) loss on debt settlement (68,671) 4,238
(Gain) loss on change in fair value of derivative liability (33,756) 50,199
Changes in operating assets and liabilities:    
Accounts receivable (42,532) 38,836
LTC Cryptocurrency Coins (60,492)
Prepaid expenses 9,418
Deferred revenue 41,500 (109,200)
Accounts payable and accrued expenses 19,996 113,114
Net cash provided by (used in) operating activities (346,892) (57,677)
Investing activities    
Purchase of property and equipment (13,610)
Net cash used in investing activities (13,610) 0
Financing activities    
Loan proceeds 140,000
Loan repayment - other (152,580)
Loan repayment - related party (71,573)
Common stock sold for cash 460,000 55,000
Advances from related party, net of repayment 35,000
Net cash provided by financing activities 388,427 77,420
Net increase in cash and cash equivalents 27,925 19,743
Cash and cash equivalents, beginning of period 215,843 63,709
Cash and cash equivalents, end of period 243,768 83,452
Supplemental cash flow information    
Interest 6,851 74,773
Income taxes
Non-cash investing and financing activities:    
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