Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Cash Flows

v3.8.0.1
Consolidated Statement of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities:    
Net Loss $ (839,077) $ (1,134,655)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation Expense 3,931 1,327
Amortization of Debt Discount 208,571 421,047
Changes in Operating Assets and Liabilities:    
Prepaid expenses 6,948 (33,122)
Accounts Payable and Accrued Expenses 127,295 58,350
Accounts Payable-related party 120,000 51,980
Net Cash used in Operating Activities: (372,332) (635,073)
Cash Flows from investing activities    
Purchase of Equipment (9,980)
Net Cash Used in Investing Activities (9,980)
Cash Flows from Financing Activities    
Proceeds from Notes Payable - Related Party 24,500
Proceeds from Convertible Notes Payable 500,000
Proceeds from Convertible Notes Payable - Related Party 120,000
Proceeds of Short-Term Advances - Related Party 336,630 45,000
Repayments of Loan - Related Party (20,961)
Proceeds of Non-Controlling Interest 500
Net Cash Provided by Financing Activities 361,630 644,039
Net Cash decrease for the period (10,702) (1,014)
Net Cash beginning of the year 18,057 19,071
Net Cash end of the year 7,355 18,057
Supplemental Disclosure of Cash flow information:    
Cash Paid for Interest Expense 2,454
Cash paid for Income Taxes
Supplemental disclosure of non-cash investing and financing activities:    
Debt discount on convertible notes payable 611,428
Reclassifications of short-term advances against Notes Payable $ 25,000