XML 21 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities    
Net loss $ (2,142,310) $ (3,023,461)
(Income) loss from discontinued operations (15,778) 108,748
Adjustments to reconcile    
Amortization of debt discount 40,475 34,026
Loss on derivative liability 536,819 44,528
Non cash interest expense 101,014
Legal Settlement 106,961
Share based professional fees 176,627
Share based compensation 198,514 2,521,635
Gain (Loss) on the settlement of debt (31,961) 106,961
Gain on settlement of derivative liabilities (143,293)
Income (Loss) from equity method investee 11,125
Changes in assets and liabilities    
Accounts payable and accrued expenses 104,383 (19,566)
Due to Related party (332,752)
Net cash used in operating activities of continuing operations (1,401,301) (216,004)
Net cash provided by (used in) operating activities of discontinued operations 99,638 (169,997)
Net cash used in operating activities (1,301,663) (386,001)
Cash Flows from Investing Activities    
Investments in Joiant
Disposal of subsidiary company
Net cash provided by investing activities
Cash Flows from Financing Activities    
Proceeds from subscription 540,000
Proceeds from convertible notes / loans payable 806,000 167,500
Proceeds from issuance of stock warrants 200,000
Payments to notes payables (226,057)
Net cash provided by financing activities of continuing operations 1,119,943 367,500
Net cash provided by financing activities of discontinued operations 187,619 38,067
Net cash used in financing activities 1,307,562 405,567
Net increase in cash 5,899 19,566
Cash, beginning of period 3,115
Cash, end of period 9,014 19,566
Supplemental disclosure of cash flow information    
Cash paid for interest 12,235 9,557
Cash paid for tax
Non-Cash investing and financing transactions    
Conversion of debt for common stock $ 90,000 $ 163,906