Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows (Unaudited)

v3.19.2
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Cash Flows from operating activities          
Net Loss $ (146,752) $ (275,840) $ (395,870) $ (193,106)  
Adjustments to reconcile net loss to net cash used in operations          
Depreciation expense     787 1,768  
Amortization of Debt Discount     (4,500)  
Net loss from equity method investment     47,791 $ 25,580
Unrealized gain on investment     (42,500) (180,000)  
Change in Operating Assets and Liabilities          
Increase in Accounts Receivable     1,667  
Accounts Payable and accrued expenses     120,445 78,227  
Accounts Payable-Related Party     60,000 60,000  
Net cash used in Operating activities     (207,680) (228,611)  
Cash flows from Investing Activities          
Capital Contributions to equity method investee     (31,500)  
Purchase of Property and Equipment and trademarks     (1,561)  
Net Cash used in investing activities     (31,500) (1,561)  
Cash Flow from Financing Activities          
Proceeds from short term advances- related party     225,200 208,650  
Proceeds from Notes Payable - related party     90,500  
Repayment of short term advances - related parties     (1,131)  
Proceeds from non-controlling interest     4,500  
Net Cash provided by financing activities     224,069 303,650  
Net cash increase (decrease) for the period     (15,111) 73,478  
Net Cash beginning of the Period     27,223 7,355 7,355
Net Cash end of Period $ 12,112 $ 80,833 12,112 80,833 $ 27,223
Supplemental disclosure of Cash Flow information          
Cash paid for interest expense     5,280 2,442  
Cash paid for Income Taxes      
Non-cash financing and investing activities:          
Reclassification of due to Related Party to capital contribution to equity method investment     14,512  
Compounding of accrued interest into principal     $ 12,167