XML 15 R6.htm IDEA: XBRL DOCUMENT v3.19.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (350,803) $ (197,159)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of debt discount 1,145 26,388
Unrealized loss on digital currency 32,068
Bad debt expense 40,000
Changes in operating assets and liabilities:    
Prepaid expense 4,000 750
Due to affiliates 186,759 76,115
Accrued liabilities (12,838) 53,729
Accrued liabilities - related party 10,000 (8,000)
Net cash used in operating activities (89,669) (48,177)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of digital currency (93,951)
Proceeds received from termination of potential acquisition 1,000,000
Deposit made for software development (50,000)
Net cash (used in) provided by investing activities (93,951) 950,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Redemption of preferred stock (750,000)
Net cash used in financing activities (750,000)
NET (DECREASE) INCREASE IN CASH (183,620) 151,823
Cash - beginning of period 257,637 48,642
Cash - end of period 74,017 200,465
Cash paid for:    
Interest
Income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Cancellation of contingent common stock 55,559
Exchange investment - digital currency for due from affiliate $ 3,880