XML 16 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
BreedIT Corp. - Statements of Cash Flows
3 Months Ended
Mar. 31, 2016
USD ($)
Mar. 31, 2015
USD ($)
Operating activities:    
Net loss (220,860) (519,860)
Adjustments to reconcile net (loss) to net cash (used in) operating activities:    
Investment accounted for using equity method 0 6,742
Options issued for services 12,245 170,585
Warrants issued for services 1,407 0
Shares issued for services 0 114,600
Depreciation expenses $ 0 $ 795
Changes in net assets and liabilities:    
Decrease (increase) in prepaid assets 8,951 0
Decrease (increase) in other current assets (21,804) 0
Decrease (increase) in accounts receivable 0 (8,739)
(Decrease) increase in accounts payable 0 (85,505)
(Decrease) increase in related parties payable $ 0 $ 1,072
(Decrease) increase in accrued expenses 0 5,263
(Decrease) increase in deferred revenue (1,374) (1,462)
Other assets 0 9,765
Net cash used in operating activities (221,435) (306,744)
Investing activities:    
Purchases of property and equipment 0 (625)
Net cash used in investing activities 0 (625)
Financing activities:    
Proceeds from sale of stock 15,000 0
Net cash provided by financing activities $ 15,000 $ 0
Foreign currency adjustment 0 (16,226)
Net increase (decrease) in cash (206,435) (323,595)
Cash and cash equivalents - beginning of period 356,037 1,101,164
Cash and cash equivalents - end of period 149,602 777,569
Non cash transactions:    
Conversion of convertible notes payable and accrued interest 0 148,856