Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (472,922)us-gaap_ProfitLoss $ (258,784)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash provided by (used by) operating activities:    
Depreciation and amortization 35,524us-gaap_DepreciationAndAmortization 2,231us-gaap_DepreciationAndAmortization
Amortization of discount on investment in account receivable (24,750)us-gaap_AmortizationOfDebtDiscountPremium 0us-gaap_AmortizationOfDebtDiscountPremium
Change in unrealized gain on securities (1,303)us-gaap_UnrealizedGainLossOnInvestments 280us-gaap_UnrealizedGainLossOnInvestments
Accrued interest income on investments (6,353)us-gaap_InterestIncomeOperating 0us-gaap_InterestIncomeOperating
Provision for bad debt 58,211us-gaap_ProvisionForDoubtfulAccounts 0us-gaap_ProvisionForDoubtfulAccounts
Gain recognized on purchase of majority interest in WCI (1,250,000)fil_GainRecognizedOnPurchaseOfMajorityInterestInWci1 0fil_GainRecognizedOnPurchaseOfMajorityInterestInWci1
Decrease (increase) in operating assets    
Accounts receivable - trade (96,222)us-gaap_IncreaseDecreaseInAccountsReceivable 0us-gaap_IncreaseDecreaseInAccountsReceivable
Prepaid expenses and other current assets 289,141us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 131,963us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Increase (decrease) in operating liabilities    
Accounts payable 32,072us-gaap_IncreaseDecreaseInAccountsPayable 892us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses 21,961us-gaap_IncreaseDecreaseInAccruedLiabilities (9,173)us-gaap_IncreaseDecreaseInAccruedLiabilities
Deferred fees 0us-gaap_IncreaseDecreaseInDeferredCharges (32,000)us-gaap_IncreaseDecreaseInDeferredCharges
Income tax payable 0us-gaap_IncreaseDecreaseInAccruedTaxesPayable (51,265)us-gaap_IncreaseDecreaseInAccruedTaxesPayable
Accrued salary, retirement and benefits - related party 33,909us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 153,797us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Net cash provided by (used by) operating activities (1,380,732)us-gaap_NetCashProvidedByUsedInOperatingActivities (62,059)us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (32,110)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (2,432)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of property and equipment 10,198us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Investment in securities (18,846)us-gaap_PaymentsToAcquireInvestments (20,923)us-gaap_PaymentsToAcquireInvestments
Proceeds from investment in securities 35,637us-gaap_PaymentsForProceedsFromInvestments 0us-gaap_PaymentsForProceedsFromInvestments
Receivable - Bhang Chocolate Company shareholders (1,500,000)us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties 0us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties
Investment in receivable (90,000)us-gaap_PaymentsToAcquireOtherReceivables 0us-gaap_PaymentsToAcquireOtherReceivables
Investment in convertible note receivable (100,000)us-gaap_PaymentsToAcquireNotesReceivable 0us-gaap_PaymentsToAcquireNotesReceivable
Proceeds from long term investment 1,150us-gaap_PaymentsForProceedsFromLongtermInvestments 0us-gaap_PaymentsForProceedsFromLongtermInvestments
Purchase of additional interest in WCI (25,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Effect of consolidating WCI on January 1, 2014, net of cash (45,921)fil_EffectOfConsolidatingWciOnJanuary12014NetOfCash 0fil_EffectOfConsolidatingWciOnJanuary12014NetOfCash
Purchase of long term investments 0us-gaap_PaymentsToAcquireLongtermInvestments (3,553)us-gaap_PaymentsToAcquireLongtermInvestments
Shareholder loans 0us-gaap_PaymentsToFundLongtermLoansToRelatedParties (136,000)us-gaap_PaymentsToFundLongtermLoansToRelatedParties
Net cash provided by (used by) investing activities (1,764,892)us-gaap_NetCashProvidedByUsedInInvestingActivities (162,908)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES:    
Warrants converted to common stock, net of costs 3,426,243fil_WarrantsConvertedToCommonStockNetOfCosts 278,228fil_WarrantsConvertedToCommonStockNetOfCosts
Borrowing on line of credit 60,000fil_BorrowingOnLineOfCredit 0fil_BorrowingOnLineOfCredit
Payments on long-term debt (50,626)us-gaap_RepaymentsOfLongTermDebt 0us-gaap_RepaymentsOfLongTermDebt
Contribution by subsidiary minority interest 15,195us-gaap_ProceedsFromContributionsFromAffiliates 0us-gaap_ProceedsFromContributionsFromAffiliates
Shares retired (19,145)fil_SharesRetired2 (28,334)fil_SharesRetired2
Net cash provided by (used by) financing activities 3,431,667us-gaap_NetCashProvidedByUsedInFinancingActivities 249,894us-gaap_NetCashProvidedByUsedInFinancingActivities
Net change in cash 286,044us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 24,927us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Beginning cash 40,184us-gaap_CashAndCashEquivalentsAtCarryingValue 15,257us-gaap_CashAndCashEquivalentsAtCarryingValue
Ending cash 326,228us-gaap_CashAndCashEquivalentsAtCarryingValue 40,184us-gaap_CashAndCashEquivalentsAtCarryingValue
SUPPLEMENTARY INFORMATION:    
Cash paid for interest 18,815us-gaap_InterestPaid 1,852us-gaap_InterestPaid
Cash paid for income taxes 35,820us-gaap_IncomeTaxesPaidNet 52,065us-gaap_IncomeTaxesPaidNet
NON-CASH INVESTING AND FINANCING TRANSACTION:    
Remove 30% investment in AGI via reduction in investment payable 0fil_Remove30InvestmentInAgiViaReductionInInvestmentPayable (4,700,000)fil_Remove30InvestmentInAgiViaReductionInInvestmentPayable
Remove 48.04% investment in BDH via reduction in investment payable 0fil_Remove4804InvestmentInBdhViaReductionInInvestmentPayable (4,966,667)fil_Remove4804InvestmentInBdhViaReductionInInvestmentPayable
CEO exercise of warrants via decrease in shareholder liability payable 944,231fil_CeoExerciseOfWarrantsViaDecreaseInShareholderLiabilityPayable 0fil_CeoExerciseOfWarrantsViaDecreaseInShareholderLiabilityPayable
CEO assumption of warrant liability via increase in shareholder liability payable $ (19,700)fil_CeoAssumptionOfWarrantLiabilityViaIncreaseInShareholderLiabilityPayable $ 0fil_CeoAssumptionOfWarrantLiabilityViaIncreaseInShareholderLiabilityPayable