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Consolidated Statement of Cash Flows
5 Months Ended
Dec. 31, 2016
USD ($)
Cash flows from operating activities:  
Net loss $ (2,187,758)
Adjustments to reconcile net loss to net cash used in operating activities:  
Change in fair value of conversion feature (1,385)
Stock based compensation 1,105,769
Realized loss on available-for-sale securities 16,406
Depreciation 390
Changes in operating assets and liabilities, net of effects of reverse recapitalization:  
Prepayments and other current assets (117,830)
Accounts payable 116,171
Accrued expenses (69,676)
Net cash used in operating activities (1,137,913)
Cash flows from investing activities:  
Proceeds received from sales of available-for-sale securities 947,351
Website development costs and other fixed assets (408,819)
Purchases of intangible assets (20,000)
Net cash provided by investing activities 518,532
Cash flows from financing activities:  
Proceeds from issuances of common stock of Subsidiary 2,952
Cash acquired upon reverse recapitalization 479,624
Cash received from Parent prior to reverse recapitalization 735,099
Proceeds from shareholder loan 35,000
Repayment of shareholder loan (35,000)
Net cash provided by financing activities 1,217,675
Net increase in cash 598,294
Cash at beginning of period 0
Cash at end of period 598,294
Supplemental disclosures of noncash investing and financing activities:  
Reclassification of stock-based compensation to website development costs $ 139,375