v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (2,404,868) $ (145,591)
cash provided by (used by) operating activities:    
Depreciation and amortization 10,952 4,300
Non-cash amortization of right of use asset 2,241 0
Bad debt expense 668,958 26,969
Amortization of discount on investment in account receivable (19,998) (14,952)
Gain on sale of investment in Brighter Day Health 0 (53,058)
Increase in accrued investment interest income (7,630) (634)
Gain on investment in securities, at fair value (71,930) 1,466
Impairment on G Farma notes receivable and investments 1,639,558 0
Decrease (increase) in operating assets    
Cash in attorney trust accounts 0 314,536
Accounts receivable - trade (25,751) (22,478)
Prepaid expenses and other current assets 32,048 (7,776)
Employee advances (1,545) (14,856)
Increase (decrease) in operating liabilities    
Accounts payable (191) (1,945)
Accrued expenses (96,389) (2,344)
Deferred revenue (10,693) 16,460
Accrued salary, retirement and benefits - related party 7,697 8,097
Net cash provided by (used by) operating activities (277,541) 108,194
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from receivable - Bhang Corporation 0 1,987,099
Purchase of investment securities 0 (51,441)
Proceeds from investment securities sold 249,222 0
Proceeds from convertible notes receivable 0 4,140
Cash advanced on notes receivable (31,000) (100,000)
Proceeds from notes receivable 7,298 5,274
Deposits on equipment to be leased (18,153) (588,455)
Investment in direct financing leases (78,650) (153,197)
Proceeds from finance lease receivable 62,864 8,303
Purchase contractual interest in legal recovery (100,000) 0
Purchases of property and equipment (8,159) (2,399)
Proceeds from sale of investment in Brighter Day Health 0 109,000
Proceeds from investment in receivable 117,000 117,000
Net cash provided by (used by) investing activities 200,422 1,335,324
CASH FLOWS FROM FINANCING ACTIVITIES:    
Warrants converted to common stock, net of costs 0 616,059
Payment to rescind Bhang owners' common stock 0 (228,150)
Payments on related party payable (5,440) 0
Payments on long-term debt (14,586) (7,789)
Payments on finance lease liabilities (17,843) 0
Non-controlling interest distribution (2,524) (2,746)
Net cash provided by (used by) financing activities (40,393) 377,374
Net change in cash (117,512) 1,820,892
Beginning cash 1,470,574 834,190
Ending cash 1,353,062 2,655,082
SUPPLEMENTARY INFORMATION:    
Cash paid for interest 4,516 3,449
Cash paid for income taxes 8,620 4,670
NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Property and equipment acquired through finance lease liability 148,732 0
Right of use assets acquired through operating lease liability 483,937 0
Bhang Corporation receivable cancelled by return of Mentor common Stock $ 0 $ 228,150

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