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Primco Management Inc. (A Development Stage Company) - Consolidated Statements of Cash Flows - For the Nine Months Ended September 30, 2013 and 2012 and for the Period from Inception (October 14, 2010) through September 30, 2013 - (Unaudited) (USD $)
9 Months Ended 36 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Cash flows provided by (used in) operating activities:      
Net loss $ (2,654,286) $ (127,540) $ (2,852,570)
Adjustments to reconcile net loss to net cash used by operating activities:      
Depreciation 764 0 764
Financial consultants paid with stock 92,000 0 92,000
Inventory acquired with stock 15,000 0 15,000
Interest expense paid with stock 2,086 0 2,086
Increase in accounts receivable (16,368) (500) (16,368)
Increase in inventory (net) (10,832) 0 (10,832)
Increase in prepaid expenses and deposits (64,964) 0 (64,964)
Increase (decrease) in accounts payable 47,477 (550) 47,477
Increase in amount due to affiliated company 25,750 0 25,750
Increase (decrease) in accrued liabilities 144,504 (3,000) 154,504
Discount on short-term convertible debt (87,151) 0 (87,151)
Change in fair market value of derivative liability 2,176,189 0 2,176,189
Cash flows provided by (used in) operating activities (329,831) (131,590) (518,115)
Cash flows from (used in) investing activities:      
Acquisition of Top Sail Productions, LLC (75,000) 0 (75,000)
Acquisition of music rights and related music costs (853,684) 0 (853,684)
Purchase of furniture and equipment (9,163) 0 (9,163)
Cash flows from (used in) investing activities (937,847) 0 (937,847)
Cash flows from financing activities:      
Proceeds from short-term convertible debt 1,383,001 0 1,383,001
Proceeds from issuance of stock 0 0 165,800
Proceeds from officer advances (net) 0 18,950 22,575
Cash flows from financing activities 1,383,001 18,950 1,571,376
Net Increase (Decrease) in Cash 115,323 (112,640) 115,414
Cash, beginning of period 91 112,731 0
Cash, end of period 115,414 91 115,414
Supplemental disclosure of non-cash financing activities:      
Short-term debt assumed in purchase of music library 242,000 0 242,000
Issuance of preferred stock in partial consideration for acquisition of music library 70 0 70
Short-term debt incurred to acquire motion picture and music related rights 2,025,000 0 2,025,000
Total short-term debt incurred $ 2,267,070 $ 0 $ 2,267,070