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Consolidated Statement of Cash Flows
12 Months Ended
Dec. 31, 2019
USD ($)
Cash flows from operating activities:  
Net loss $ (27,545,255)
Adjustments to reconcile net loss to net cash used in operating activities:  
Depreciation 623,884
Amortization 6,943,300
Share-based compensation 258,256
Deferred income taxes (4,137,900)
Amortization of debt discounts and debt issuance costs 8,458,341
Amortization of right-of-use asset 135,542
Gain on sale of fixed assets (98,410)
Loss on conversion of debt 2,640,000
Net loss on extinguishment of debt 434,774
Other, net 525,307
Changes in assets and liabilities:  
Accounts receivable (26,992)
Receivables- related party (4,876,258)
Inventory (1,136,012)
Prepaids (767,355)
Other current assets (93,289)
Accounts payable (1,141,823)
Accrued liabilities 2,295,273
Accrued interest 1,109,252
Related party payable 9,826,112
Operating lease liabilities (123,534)
Other current liabilities (156,460)
Net cash used in operating activities (6,853,247)
Cash flows from investing activities:  
Cash acquired from acquisitions 2,925,273
Additions to property and equipment (87,038)
Net cash provided by investing activities 2,838,235
Cash flows from financing activities:  
Proceeds from issuance of common stock 5,000
Proceeds from issuance of related party debt 485,000
Proceeds from issuance of debt 6,249,170
Repayment of debt (1,808,323)
Debt issuance costs (80,000)
Net cash provided by financing activities 4,850,847
Effect of exchange rates on cash (23,383)
Net increase in cash and cash equivalents 812,452
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of year 812,452
Supplemental disclosures of cash flow information:  
Taxes
Interest
Non-cash investing and financing activities:  
Recognition of right-of-use operating lease asset and liability 2,335,224
Issuance of founder shares at inception 2,789
Common stock issued for cashless exercise of warrants 33,725
Common stock issued for conversion of senior convertible debentures 3,725,498
Common stock issued in debt conversion 704,000
Warrants issued for services 4,074,330
Warrants issued in conjunction with debt agreements 3,138,667
Common stock issued as debt issuance costs 7,805,612
Beneficial conversion feature 855,549
Issuance of preferred stock for VEO, Inc. acquisition 13,215,000
Issuance of preferred stock for InduraPower, Inc. acquisition 7,048,000
Issuance of preferred stock for Silver Bullet Technology, Inc. acquisition 2,643,000
Issuance of common stock for DragonWave-X LLC and Lextrum, Inc. acquisitions $ 58,243,456