Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows (Unaudited)

v3.19.1
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from operating activities    
Net Income (Loss) $ (247,645) $ 87,234
Adjustments to reconcile net income (loss) to net cash used in operations:    
Amortization of Debt Discount (4,500)
Unrealized Gain on Investment (15,000) (265,000)
Depreciation expense 69 884
Net loss from joint venture 24,657
Change in Operating Assets and Liabilities:    
Accounts Receivable 1,667
Accounts Payable and Accrued Expenses 97,793 35,289
Accounts payable Related Party 30,000 30,000
Net Cash Used in Operating activities (109,932) (116,093)
Cash Flow from Investing Activities    
Capital contributions to joint venture (29,500)
Purchase of property and equipment and Trademarks (1,561)
Net Cash Used in Investing Activities (29,500) (1,561)
Cash Flow from Financing Activities    
Proceeds from Notes Payable, related Party 122,200 87,750
Proceeds from Notes Payable 90,500
Proceeds from non-controlling interest 4,500
Net Cash provided by financing activities 122,200 182,750
Net cash increase (decrease) for the period (17,232) 65,096
Cash beginning of year 27,223 7,355
Cash end of year 9,991 72,451
Supplemental Disclosure for Cash Flow Information:    
Cash Paid for Income Taxes
Cash Paid for Interest 425 1,150
Non-cash financing and investing activities:    
Reclassification of advances to a related party to capital contributions to joint venture 16,291
Compounding of accrued interest into principal $ 12,167