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BreedIT Corp. - Statements of Cash Flows
12 Months Ended
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Operating activities:    
Net loss (1,533,589) (4,565,330)
Adjustments to reconcile net (loss) to net cash (used in) operating activities:    
Amortization of debt discount 0 128,192
Loss on JV 9,472 3,736
Loss on debt exthinguishment 60,182 0
Loss on deconsolidation (6,780) 0
Options issued for services 478,658 2,646,394
Warrants issued for services 12,735 43,091
Shares issued for services 271,921 506,040
Depreciation expenses 0 2,317
Changes in net assets and liabilities:    
Decrease (increase) in accounts receivable $ 30,270 $ (30,270)
Decrease (increase) in other current assets (439) (639,936)
Decrease (increase) in prepaid expenses (62,926) 0
(Decrease) increase in accounts payable (272,166) 64,252
(Decrease) increase in related parties payable (18,000) 15,695
(Decrease) increase in accrued expenses 7,126 25,345
(Decrease) increase in deferred revenue (5,752) (5,824)
Net cash used in operating activities $ (1,029,288) $ (1,806,298)
Investing activities:    
Cash paid for investment 0 (9,022)
Purchases of property and equipment 0 (14,075)
Decrease in cash from deconsolidation (33,493) 0
Net cash used in investing activities $ (33,493) $ (23,097)
Financing activities:    
Proceeds from exercise of warrants 110,000 239,500
Proceeds from sale of stock $ 265,000 $ 2,040,900
Donated capital - related party 13,020 0
Net cash provided by financing activities $ 388,020 $ 2,280,400
Foreign currency adjustment (70,366) (5,908)
Net increase (decrease) in cash $ (745,127) $ 445,097
Cash and cash equivalents - beginning of period 1,101,164 656,067
Cash and cash equivalents - end of period 356,037 1,101,164
Non cash transactions:    
Conversion of convertible notes payable and accrued interest 249,036 4,000
Shares issued from stock payable 0 151,800
Additional information:    
Cash paid for interest expenses 0 0
Cash paid for income taxes 0 0