Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,369,833) $ (116,687)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 319,729 0
Amortization of acquired intangibles 517,376 0
Depreciation of fixed assets 22,920 0
Changes in operating assets and liabilities:    
Accounts receivable (190,123) 0
Deferred offering cost 0 (15,500)
Prepaid expenses 18,386 0
Accounts payable and accrued liabilities 424,922 9,986
Net cash used in operating activities (1,256,623) (122,201)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of SuckerPunch (357,500) 0
Purchase of Fight Time Promotions (84,000) 0
Purchase of Sheffield video library (25,000) 0
Purchase of fixed assets (58,151) 0
Net cash used in investing activities (524,651) 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from note payable - related party 0 122,201
Proceeds from issuance of common stock to founders 0 0
Net cash provided by financing activities 0 122,201
NET DECREASE IN CASH (1,781,274) 0
CASH - BEGINNING OF PERIOD 4,678,473 0
CASH - END OF PERIOD 2,897,199 0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 0 0
Cash paid for taxes 0 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Stock issued in conjunction with acquisition of SuckerPunch and Fight Time Promotions $ 1,616,315 $ 0