XML 40 R5.htm IDEA: XBRL DOCUMENT v3.20.1
STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES    
Net gain (loss) $ 2,385,983 $ (3,513,659)
Adjustments to reconcile net loss to net cash used in operating activities:    
(Gain) loss on debt settlement
Stock issued for accrued interest and penalties
(Gain) loss on settlement of derivative
Derivative expenses (16,662) (3,279,705)
Forgiven debt and accrued interest (2,658,555)
Changes in operating assets and liabilities:    
Accounts payable and accrued expenses 153,155 233,954
Net cash used in operating activities (102,755)
Cash flows provided by financing activities:    
Proceeds from convertible debt 53,000
Proceeds from notes payable 50,000
Net cash provided by financing activities 103,000
NET INCREASE IN CASH 245
CASH END OF PERIOD 245
SUPPLEMENTAL DISCLOSURES:    
Income taxes paid
Interest paid
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Cash paid for accrued interest 53,337
Issuance of preferred stock for conversion of accounts payable and accrued liabilities 2,704,112  
Non-cash acquisition $ 554,000