Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Cash Flows

v3.19.1
Consolidated Statement of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from operating activities    
Net Loss $ (592,963) $ (838,077)
Adjustments to reconcile net loss to net cash used in operations:    
Amortization of Debt Discount 4,500 208,571
Unrealized gain on Investment (140,000)
Depreciation and amortization expense 3,536 3,931
Change in Operating Assets and Liabilities:    
Accounts Receivable (1,667)
Prepaid expenses 6,948
Accounts Payable and Accrued Expenses 186,325 127,295
Accounts Payable Related Party 120,000 120,000
Net cash used in Operating activities (420,269) (372,332)
Cash Flows from Investing Activities    
Advances to a Related Party (31,291)
Purchase of property and equipment and Trademarks (4,172)
Net Cash used in Investing Activities (35,463)
Cash Flow from Financing Activities    
Proceeds from Notes Payable, related party 24,500
Proceeds from Note Payable 90,500
Proceeds from short term advances, related parties 380,850 336,630
Repayment of short term advances, related parties (250)
Proceeds from non-controlling interest 4,500 500
Net Cash provided by financing activities 475,600 361,630
Net cash increase (decrease) for the period 19,868 (10,702)
Cash beginning of the year 7,355 18,057
Cash end of year 27,223 7,355
Supplemental Disclosure for Cash Flow Information:    
Cash paid for Income taxes
Cash paid for Interest 5,280
Supplemental disclosure for Non Cash investing and financing activities:    
Reclassification of short-term advances against Notes Payable $ 25,000