XML 15 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities:    
Net loss $ (13,929,502) $ (159,154,283)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property and equipment 46,363 83,750
Amortization of intangible assets 358,266
Amortization of debt discount 3,881,423 6,745,837
Change in fair value of derivative liability (612,829) 13,614,981
Financing cost 945,916 4,356,699
Shares issued for services 235,900
Shares issued for penalty 975,065
Convertible note issued for penalty 242,712
Warrant issued for services 766,804
Fair value of warrants issued in accordance with anit-dilution 120,476,603
Impairment of assets 5,500,000
Unrealized (gain) loss on market equity security 769,500 6,475,317
Realized gain on disposal ofmarket equity security 474,830 90,683
Loss on exchange of assets 1,430,000
Equity loss in investment (583,568)
Gain on disposition of discontinued operations (1,001,711) (1,381,803)
Convertible note receivable exchanged for services 200,000 1,000,000
Changes in operating assets and liabilities:    
Accounts receivable 1,674 (526,961)
Other receivable 100,000
Prepaid expenses (265,250)
Accounts payable and accrued expenses 1,408,711 1,460,086
Unearned revenue (5,539)
Due to Guardian, LLC (702,483)
Net cash used in operating activities (542,913) (5,979,896)
Cash Flows From Investing Activities:    
Purchase of property and equipment (4,200) (13,321)
Cash paid for investment (1,200,000)
Cash of discontinued operations (227,571) (270,947)
Cash from the sale of marketable equity security 336,000
Net cash used in investing activities (231,771) (1,148,268)
Cash Flows From Financing Activities:    
Issuance of convertible notes 648,460 3,000,000
Issuance of note payable 318,639 2,553,817
Payment on note payable (99,256)
Net cash provided by financing activities 967,099 5,454,561
Net increase (decrease) in cash 192,415 (1,673,603)
Cash, beginning of period 59,634 1,863,510
Cash, end of period 252,049 189,907
Cash paid for interest 744
Cash paid for income taxes
Supplemental non-cash investing and financing activities    
Debt discount 4,411,683 3,636,000
Transfer of derivative liability to equity 1,475,603 2,264,578
Convertible notes issued for notes payable and accrued interest 3,738,171
Common stock issued for convertible notes and accrued interest $ 963,079