Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows(Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Cash Flows(Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (639,645) $ (504,704)
Adjustments to reconcile net income (loss) to net cash provided by (used by) operating activities:    
Depreciation and amortization 19,817 24,578
Amortization of discount on investment in account receivable (79,813) (43,013)
Bad debt expense 31,188 0
Loss on disposal of Investor Webcast, LLC assets & liabilities 345 0
Gain on fixed asset disposal (11,568) 0
Change in accrued investment interest income 841 (4,839)
Investment loss 21,944 2,140
Consulting fees received via stock (20,000) 0
Gain on conversion of investment in MicroCannaBiz to note receivable 0 (35,360)
Decrease (increase) in operating assets    
Accounts receivable - trade (20,247) (78,929)
Prepaid expenses and other current assets 8,101 32,708
Employee advances 876 (2,263)
Other assets 0 1,000
Increase (decrease) in operating liabilities    
Accounts payable 201,607 (16,591)
Accrued expenses (38,177) (123,763)
Deferred revenue 350 52,829
Accrued salary, retirement and benefits - related party 261,151 104,404
Net cash provided by (used by) operating activities (263,230) (591,803)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (26,538) (17,601)
Proceeds from sale of property and equipment 22,913 0
Securities purchased 0 (1,061)
Proceeds from securities sold 28,669 1,053
Cash paid at Investor Webcast disposition (550) 0
Receipt of investment in receivable 26,000 117,000
Proceeds from note receivable 44,678 0
Effect of deconsolidating MicroCannaBiz, LLC on April 27, 2015 and converting investment to note receivable 0 (1,999)
Net cash provided by (used by) investing activities 95,172 97,392
CASH FLOWS FROM FINANCING ACTIVITIES:    
Warrants converted to common stock, net of costs 170,744 313,407
Common stock repurchased and retired 0 (15,705)
Short term loan from related parties 25,000 0
Repayment on short term loan from related parties (25,000) 0
Payments on long-term debt (36,178) (15,732)
Sale of convertible security 43,143 0
Non-controlling interest distribution (23,614) (33,969)
Net cash provided by (used by) financing activities 154,095 248,001
Net change in cash (13,963) (126,410)
Beginning cash 73,679 326,228
Ending cash 59,716 199,818
SUPPLEMENTARY INFORMATION:    
Cash paid for interest 32,877 7,778
Cash paid for income taxes 3,000 0
NON-CASH INVESTING AND FINANCING TRANSACTION:    
Shareholder assumption of warrant liability resulting in increased liability to shareholder (194,550) (75,706)
Investment in account receivable, net of discount, via issuance of shares 0 547,353
Investment in Green Vision Systems, Corp common stock received from consulting services $ 50,000 $ 0