XML 17 R5.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (303,426) $ (277,295)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 0 329
Imputed interest on loan 3,360 3,360
Change in operating assets and liabilities, net of acquisition:    
Increase (decrease) in accounts payable and accrued expenses 304,793 194,374
Net Cash Provided by (Used in) Operating Activities 4,727 (79,232)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash paid to related party loans (30,257)
Cash received from related party loans 21,531 40,061
Net Cash Provided by (Used in) Financing Activities (8,726) 40,061
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (3,999) (39,171)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 7,819 120,545
CASH AND CASH EQUIVALENTS, END OF PERIOD 3,820 81,374
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest
Cash paid for income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Unrealized gain (loss) on marketable securities $ 35,614 $ (16,348)