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UNAUDITED CONDENSED CONSOLDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net income $ 6,316,710 $ 212,414
Net income from discontinued operations (7,412,643) (443,779)
Net loss from continuing operations (1,095,933) (231,365)
Adjustment to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation 182,406
Non cash compensation expense on acquisition of subsidiary 373,274
Loss on mortgage sold 19,265  
Non cash compensation for services 4,000 50,000
Other foreign exchange movements (27,476) 7,238
Amortization of debt discount 429,325 33,262
Derivative liability movements (94,532)
Provision against receivable on sale of subsidiary (446,476)
Changes in operating assets and liabilities    
Accounts receivable (327,351)
Prepaid expenses (6,776) (90,015)
Accounts payable and accrued liabilities (150,095) (292,787)
Taxes payable (2,401,665) 231,588
Net cash used in operating activities - continuing operations (3,542,034) (292,079)
Net cash provided by operating activities - discontinued operations 101,033 423,018
Net cash (used in) provided by operating activities (3,441,001) 130,939
Investing activities    
Investments in Seastone (2,960,000)
Proceeds from restricted cash 51,362
Investment in deposits (207,158)
Purchase of fixed assets (8,878)
Net cash used in investing activities - continuing operations (2,917,516) (207,158)
Net cash provided by (used in) investing activities - discontinued operations 6,241,082 (1,053)
Net cash used in Investing activities 3,323,566 (208,211)
Financing activities    
(Decrease) Increase in bank overdraft (36,605) 15,834
Repayment of loan payable (3,443)
Proceeds from short-term notes 283,386
Repayment of short-term note (107,639)
Proceeds from mortgage sold 111,554
Repayment of mortgage (85,613)
Proceeds from convertible notes 294,500
Repayment of convertible notes (130,000)
Proceeds from related party notes 26,195 153,273
Net cash provided by financing activities 180,031 341,411
Effect of exchange rate on cash (36,692) (215,276)
Net change in cash 25,904 48,863
Beginning cash balance 4,779 174
Ending cash balance 30,683 49,037
Supplemental cash flow information    
Cash paid for interest 153,817 7,548
Cash paid for income taxes
Non cash investing and financing activities    
Common shares issued to acquire subsidiary 2,184,000
Assumption of mortgage liabilities on acquisition of subsidiary $ 3,145,549