Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows (Unaudited)

Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from operating activities    
Net Loss $ (234,272) $ (395,870)
Adjustments to reconcile net loss to net cash used in operations:    
Amortization of Debt Discount 9,812
Depreciation expense 80 787
Net loss from equity method investment 42,598 47,791
Unrealized (Gain) Loss on Investment (128,000) (42,500)
Change in Operating Assets and Liabilities:    
Increase in Accounts Receivables 1,667
Accounts Payable and Accrued Expenses 123,139 120,445
Accounts Payable and Accrued Expenses, related party 60,000 60,000
Net Cash used in Operating activities (120,006) (207,680)
Cash Flows from Investing Activities    
Capital Contributions to Equity Method Investee (31,500)
Advances to a related-party (17,500)
Net Cash used in Investing Activities (17,500) (31,500)
Cash Flow from Financing Activities    
Repayment of short term advances - related parties (1,131)
Proceeds from Note Payable 34,500
Proceeds from short term advances, related parties 101,950 225,200
Net Cash provided by financing activities 136,450 224,069
Net cash decrease for the period (1,056) (15,111)
Cash beginning of the Period 9,184 27,223
Cash end of the Period 8,128 12,112
Supplemental disclosure for Cash Flow Information    
Cash paid for income taxes
Cash paid for interest expense 2,352 5,280
Supplemental disclosure for Non Cash investing and financing activities:    
Reclassification of due to Related Party to capital contribution to equity method investment 14,512
Compounding of accrued interest into principal $ 12,167