Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows (Unaudited)

v3.19.3
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from operating activities    
Net Loss $ (648,036) $ (387,310)
Adjustments to reconcile net loss to net cash used in operations:    
Amortization of Debt Discount 4,500
Depreciation expense 906 2,652
Net loss from equity method investment 50,791
Unrealized loss on Investment 29,500 (175,000)
Change in Operating Assets and Liabilities:    
Increase in Accounts Receivables 1,667
Accounts Payable and Accrued Expenses 187,455 146,384
Accounts Payable and Accrued Expenses, related party 90,000 90,000
Net Cash used in Operating activities (287,717) (318,774)
Cash Flows from Investing Activities    
Capital Contributions to Equity Method Investee (34,500)
Purchase of intangible assets (1,561)
Net Cash used in Investing Activities (34,500) (1,561)
Cash Flow from Financing Activities    
Proceeds from Notes Payable, related-party 2,600 90,500
Proceeds from short term advances, related parties 297,600 303,250
Repayment of short-term advances, related parties (1,131)
Proceeds from non-controlling interest 4,500
Net Cash provided by financing activities 299,069 398,250
Net cash (decrease) increase for the Period (23,148) 77,915
Cash beginning of the Period 27,223 7,355
Cash end of Period 4,075 85,270
Supplemental disclosure for Cash Flow Information    
Cash paid for income taxes
Cash paid for interest expense 6,585 3,700
Supplemental disclosure for Non Cash investing and financing activities:    
Reclassification of due to Related Party to capital contribution to equity method investment 16,291
Compounding of accrued interest into principal $ 12,167