v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (145,591) $ (448,616)
Adjustments to reconcile net income (loss) to net cash provided by (used by) operating activities:    
Depreciation and amortization 4,300 3,948
Bad debt expense 26,969 2,899
Amortization of discount on investment in account receivable (14,952) (23,601)
Gain on sale of investment in BDH (53,058) 0
Increase in accrued of investment interest income (634) (1,934)
Loss on investment in securities, at fair value 1,466 81,566
Decrease (increase) in operating assets    
Cash in attorney trust account 314,536 0
Accounts receivable - trade (22,478) 28,040
Prepaid expenses and other current assets (7,776) (9,962)
Employee advances (14,856) 700
Deposits on equipment (588,455) 0
Increase (decrease) in operating liabilities    
Accounts payable (1,945) 4,728
Accrued expenses (2,344) (3,195)
Deferred revenue 16,460 0
Accrued salary, retirement and benefits - related party 8,097 251,487
Net cash provided by (used by) operating activities (480,261) (113,940)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from receivable - Bhang Corporation 1,987,099 0
Purchase of investment securities (51,441) (1,049,086)
Proceeds from convertible notes receivable 4,140 0
Cash advanced on notes receivable (100,000) (500,000)
Proceeds from notes receivable 5,274 0
Investment in finance leases receivable (153,197) 0
Payments received on finance leases receivable 8,303 0
Purchases of property and equipment (2,399) 0
Proceeds from sale of investment in BDH 109,000 0
Proceeds from investment in receivable 117,000 0
Net cash provided by (used by) investing activities 1,923,779 (1,549,086)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Warrants converted to common stock, net of costs 387,909 2,104,748
Payments on long-term debt (7,789) (9,865)
Non-controlling interest distribution (2,746) (982)
Net cash provided by (used by) financing activities 377,374 2,093,901
Net change in cash 1,820,892 430,875
Beginning cash 834,190 1,311,338
Ending cash 2,655,082 1,742,213
SUPPLEMENTARY INFORMATION:    
Cash paid for interest 3,449 4,113
Cash paid for income taxes 4,670 8,800
NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Shareholder assumption of warrant liability resulting in increased liability to shareholder 0 (75,490)
Contractual interest in legal recovery purchased through issuance of 222,223 shares of restricted common stock in a private offerings 0 500,002
Investment in Green Vision Systems, Corp common stock received from consulting services $ 0 $ 50,000

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