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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income (loss) $ 13,604,603 $ (2,820,503)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 31,563 346,858
Gain on sale of CAKE Business (19,473,080)
Amortization of deferred financing cost 2,511,960 384,407
Provision for bad debt 54,264 (335,801)
Fair value of options and warrants 197,773 203,486
Issuance of common stock as payment of interest 315,000
Changes in operating assets and liabilities:    
Accounts receivable (3,615) 129,609
Prepaid expenses and other current assets 172,155 (40,214)
Other assets 28,095 12,388
Accounts payable and accrued expenses (1,928,243) (188,443)
Deferred revenue (284,198)
Other liabilities (602,083) 416,393
Net cash (used in) operating activities (5,375,806) (1,891,820)
Cash flows from investing activities    
Capitalized software for internal use (750,000)
Purchase of property and equipment (1,751) (28,698)
Proceeds from sale of CAKE Business 20,892,667
Payments for acquisition of subsidiary (420,000)
Net cash provided by (used in) investing activities 20,470,916 (778,698)
Cash flows from financing activities    
Principal repayments of credit facility and loan (11,772,514) (2,163,212)
Proceeds from credit facility 900,000 4,702,197
Proceeds from promissory notes 1,000,000
Repayment of related party notes (300,000)
Repayment of promissory notes (2,700,000)
Net cash (used in) provided by financing activities (13,872,514) 3,538,985
Effect of exchange rate fluctuations on cash 1,196 (13,517)
Net change in cash and restricted cash 1,223,792 854,950
Cash and restricted cash, beginning of the period 77,295 216,883
Cash and restricted cash, end of the period 1,301,087 1,071,833
Supplemental disclosure of cash flow information:    
Interest paid 946,691 711,627
Income taxes paid
Supplemental disclosure of non-cash investing and financing information:    
Fair value of warrants issued in connection with line of credit and promissory notes 44,670 2,038,296
Capital expenditure included in accounts payable 1,299
Accrued payables and short-term note directly paid off by credit facility 623,399
Prepaid expenses reclassified to deferred financing costs 70,000
Accrual of preferred stock interest 6,575
Accrued interest reclassed to credit facility 62,379
Warrant repricing adjustment 104,638
Conversion of notes payable to Series A Preferred Stock 500,000
Common Stock [Member]    
Supplemental disclosure of non-cash investing and financing information:    
Issuance of Series B Preferred Stock for acquisition of subsidiary 2,700,000
Series B Preferred Stock [Member]    
Supplemental disclosure of non-cash investing and financing information:    
Issuance of Series B Preferred Stock for acquisition of subsidiary $ 687,000