XML 16 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2017
Apr. 06, 2017
Mar. 31, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2017
Sep. 30, 2017
Sep. 30, 2016
Items not affecting cash:                
Depreciation           $ 56,772 $ 109,260  
Stock-based compensation             450,801  
Predecessor [Member]                
Cash Flows from Operating Activities                
Net loss   $ (204,406)   $ (1,548,126)       $ (4,290,611)
Add net loss from discontinued operations   139,805           3,386,133
Items not affecting cash:                
Depreciation   1,279 $ 43,269 382       382
Stock-based compensation   0           650,265
Accretion   0   0       0
Gain on forgiveness of debt   0           (8,088)
Loss on legal settlement   0           0
Changes in operating assets and liabilities:                
Prepaid expenses and deposits   10,369           (2,005)
Accounts payable   0           0
Inventory   (4,068)           56,006
Accrued liabilities   44,399           51,050
Due to related parties   0           (21,202)
Net Cash Used in Operating Activities - Continuing Operations   (12,622)           (178,070)
Net Cash Provided by (Used in) Operating Activities - Discontinuing Operations   (255,214) (255,214)         (1,322,309)
Net Cash Used In Operating Activities   (267,836)           (1,500,379)
Cash Flows from Investing Activities                
Purchase of equipment   0           (5,116)
Purchase of licenses   0           0
Proceeds from sale of real estate properties in relation to legal settlement   0           0
Cash acquired from reverse merger   0           0
Net Cash Provided by Investing Activities - Continuing Operations   0           (5,116)
Net Cash Provided by Investing Activities - Discontinuing Operations   381,404 381,404         188,292
Net Cash Provided by Investing Activities   381,404           183,176
Cash Flows from Financing Activities                
Proceeds from the sale of common stock   133,166           509,600
Proceeds from exercise of stock options   0           0
Cash paid for redemption of common stock   0           0
Proceeds from issuance of convertible debt, net of original debt discount   0           0
Debt financing costs   0           0
Repayment of convertible debt   0           0
Advance from related parties   0           425,774
Repayment of related party advances   (107,051)           0
Net Cash Provided by Financing Activities - Continuing Operations   26,115           935,374
Net Cash (Used in) Provided by Financing Activities - Discontinuing Operations   (21,427) (21,427)         272,905
Net Cash Provided by Financing Activities   4,688           1,208,279
Change in Cash   118,256           (108,924)
Cash - Beginning of Period   2,151 $ 2,151   $ 120,407   2,151 199,570
Cash - End of Period   120,407   $ 90,646       90,646
Interest paid   68,902           216,815
Income taxes paid   0           0
Notes payable and amounts due to related party settled from sale of real properties   742,504           0
Related party note receivable from sale of real properties   0           0
Debt discount recorded for beneficial conversion features and relative fair value of warrant   0           0
Stock issued for acquisition of real properties   0           1,085,726
Note payable issued with acquisition of real properties   0           691,155
Related party notes payable issued with acquisition of real property   0           76,876
Issuance of limited partnership units in exchange for real estate properties   0           $ 1,130,014
Successor [Member]                
Cash Flows from Operating Activities                
Net loss $ (3,140,143)       (5,298,536)      
Add net loss from discontinued operations         3,304,481      
Items not affecting cash:                
Depreciation 2,094       2,520      
Stock-based compensation         608,434      
Accretion 231,512       250,026      
Gain on forgiveness of debt         0      
Loss on legal settlement         740,756      
Changes in operating assets and liabilities:                
Prepaid expenses and deposits         (876,873)      
Accounts payable         (45,000)      
Inventory         (36,513)      
Accrued liabilities         (43,928)      
Due to related parties         10,000      
Net Cash Used in Operating Activities - Continuing Operations         (1,384,633)      
Net Cash Provided by (Used in) Operating Activities - Discontinuing Operations         (1,131,266) (1,131,266)    
Net Cash Used In Operating Activities         (2,515,899)      
Cash Flows from Investing Activities                
Purchase of equipment         (81,595)      
Purchase of licenses         (250,000)      
Proceeds from sale of real estate properties in relation to legal settlement         1,024,695      
Cash acquired from reverse merger         120,407      
Net Cash Provided by Investing Activities - Continuing Operations         813,507      
Net Cash Provided by Investing Activities - Discontinuing Operations         3,270,597 3,270,597    
Net Cash Provided by Investing Activities         4,084,104      
Cash Flows from Financing Activities                
Proceeds from the sale of common stock         0      
Proceeds from exercise of stock options         650      
Cash paid for redemption of common stock         (155,896)      
Proceeds from issuance of convertible debt, net of original debt discount         452,750      
Debt financing costs         (14,750)      
Repayment of convertible debt         (200,000)      
Advance from related parties         0      
Repayment of related party advances         0      
Net Cash Provided by Financing Activities - Continuing Operations         82,754      
Net Cash (Used in) Provided by Financing Activities - Discontinuing Operations         (1,290,088) (1,290,088)    
Net Cash Provided by Financing Activities         (1,207,334)      
Change in Cash         360,871      
Cash - Beginning of Period         0      
Cash - End of Period $ 360,871 $ 0     360,871 $ 360,871 $ 360,871  
Interest paid         163,487      
Income taxes paid         0      
Notes payable and amounts due to related party settled from sale of real properties         2,379,444      
Related party note receivable from sale of real properties         325,000      
Debt discount recorded for beneficial conversion features and relative fair value of warrant         438,000      
Stock issued for acquisition of real properties         0      
Note payable issued with acquisition of real properties         0      
Related party notes payable issued with acquisition of real property         0      
Issuance of limited partnership units in exchange for real estate properties         $ 0