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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net income (loss) $ (1,110,351) $ 13,190,273
Gain (loss) from discontinued operations (80,422) 14,471,162
Net loss from continuing operations (1,029,929) (1,280,889)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Restricted stock awards 60,000
Depreciation and amortization 1,225 565
Loss on extinguishment of debt 30,069
Share-based compensation 15,625
Amortization of deferred financing cost 4,405 322
Provision for bad debt 20,000
Changes in operating assets and liabilities:    
Accounts receivable 9,812 (231,503)
Inventory (38,427)
Prepaid expenses and other current assets (529) (3,401)
Accounts payable and accrued expenses 644,606 186,572
Deferred revenue 33,390 45,041
Net cash used in operating activities of continuing operations (309,754) (1,223,293)
Net cash used in operating activities of discontinued operations (16,365) (4,930,689)
Net cash used in operating activities (326,119) (6,153,982)
Cash flows from investing activities    
Purchase of property and equipment (6,633) (1,751)
Payments for acquisition of subsidiary (420,000)
Net cash used in investing activities of continuing operations (6,633) (421,751)
Net cash provided by investing activities of discontinued operations 20,892,667
Net cash provided by (used in) investing activities (6,633) 20,470,916
Cash flows from financing activities    
Proceeds from notes payable 413,000 500,000
Payment of preferred stock interest (60,000) (35,000)
Net cash provided by financing activities of continuing operations 353,000 465,000
Net cash used in financing activities of discontinued operations (13,872,514)
Net cash provided by (used in) financing activities 353,000 (13,407,514)
Effect of exchange rate fluctuations on cash (456) (11,281)
Net change in cash and restricted cash 19,792 898,139
Cash and restricted cash, beginning of the period 107,727 77,295
Cash and restricted cash, end of the period 127,519 975,434
Supplemental disclosure of cash flow information:    
Interest paid 946,691
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 62,294
Accrued payables and short-term note directly paid off by credit facility 62,379
Accrual of preferred stock interest 120,000 31,575
Warrant repricing adjustment 104,638
Conversion of notes payable to Series A Preferred Stock 500,000
Issuance of common stock for payment of accrued preferred stock interest 104,931
Issuance of common stock as payment of accounts payable and accrued expenses 105,000
Common Stock [Member]    
Cash flows from operating activities    
Net income (loss)
Supplemental disclosure of non-cash investing and financing information:    
Warrant repricing adjustment  
Issuance of Stock for acquisition of subsidiary 2,700,000
Series B Preferred Stock [Member]    
Supplemental disclosure of non-cash investing and financing information:    
Issuance of Stock for acquisition of subsidiary $ 687,000