XML 17 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities    
Net (Loss) income $ (255,991) $ (493,018)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:    
Impairment of intangible assets 69,178 0
Depreciation and amortization 5,633 13,574
Amortization of debt issuance costs 2,997 0
Stock based compensation 0 444,800
Changes in operating assets and liabilities:    
Accounts receivable, prepaid expenses and other assets 6,324 368,160
Accounts payable and accrued expenses 3,906 (89,992)
Liberty notes receivable 0 34,000
Cash (Used) Provided by Operating Activities (167,953) 277,524
Cash Flows from Financing Activities    
Proceeds from notes payable, related party 300,000 0
Payments for debt issuance costs (24,000) 0
Payment on notes payable, related party 0 (150,000)
Cash provided by (used in) Financing Activities 276,000 (150,000)
Net Change in Cash and Cash Equivalents 108,047 127,524
Cash and cash equivalents at Beginning of Period 8,482 1,336
Cash and cash equivalents at End of Period 116,529 128,860
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest $ 10,747 $ 699