Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (872,498) $ (639,645)
Adjustments to reconcile net income (loss) to net cash provided by (used by) operating activities:    
Depreciation and amortization 10,602 19,817
Bad debt expense 16,439 31,188
Amortization of discount on investment in account receivable (68,784) (79,813)
Loss on disposal of Investor Webcast assets and liabilities 0 345
Gain on fixed asset disposal 0 (11,568)
Accrued investment interest income (1,832) 841
Investment loss 163,445 21,944
Consulting fee received via stock 0 (20,000)
Decrease (increase) in operating assets    
Cash in trust account (300,000) 0
Accounts receivable - trade (85,002) (20,247)
Prepaid expenses and other current assets 13,611 8,101
Employee advances (9,608) 876
Increase (decrease) in operating liabilities    
Accounts payable 6,940 201,607
Accrued expenses (2,573) (38,177)
Deferred revenue 0 350
Accrued salary, retirement and benefits - related party 101,586 261,151
Net cash provided by (used by) operating activities (1,027,674) (263,230)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of investment securities (1,071,901) 0
Proceeds from securities sold 754,643 28,669
Cash advanced on notes receivable (800,000) 0
Payments received on notes receivable 11,724 44,678
Cash advanced on convertible notes receivable (100,000) 0
Payments received on convertible note receivable 5,194 0
Purchases of property and equipment (7,909) (26,538)
Proceeds from sale of property and equipment 0 22,913
Cash paid at Investor Webcast disposition 0 (550)
Receipt of investment in receivable 0 26,000
Net cash provided by (used by) investing activities (1,208,249) 95,172
CASH FLOWS FROM FINANCING ACTIVITIES:    
Warrants converted to common stock, net of costs 2,203,105 170,744
Short term loan from related parties 0 25,000
Repayment on short term loan from related parties 0 (25,000)
Proceeds from long-term debt 0 43,143
Payments on long-term debt (27,291) (36,178)
Non-controlling interest distribution (13,437) (23,614)
Net cash provided by (used by) financing activities 2,162,377 154,095
Net change in cash (73,546) (13,963)
Beginning cash 1,311,338 73,679
Ending cash 1,237,792 59,716
SUPPLEMENTARY INFORMATION:    
Cash paid for interest 3,431 32,877
Cash paid for income taxes 11,770 3,000
NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Shareholder assumption of warrant liability resulting in increased liability to shareholder (80,054) (194,550)
Contractual interest in legal recovery purchased through issuance of 288,890 shares of restricted common stock in a private offerings 600,002 0
Investment in Green Vision Systems, Corp common stock received from consulting services $ 0 $ 50,000