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 ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,673,908) $ (2,818,941)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 560,978 2,595,000
Amortization of acquired intangibles 1,063,686 0
Depreciation of fixed assets 55,699 0
Changes in operating assets and liabilities:    
Accounts receivable (312,304) 0
Prepaid expenses 31,102 0
Accounts payable and accrued liabilities 464,046 (5,994)
Deposit media library 0 (15,500)
Net cash used in operating activities (2,810,701) (245,435)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of National Fighting Championships (140,000) 0
Purchase of Fight Club OC, net (48,900) 0
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 (105,862) 0
Net cash used in investing activities (761,262) 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from note payable - related party 0 261,701
Net cash provided by financing activities 0 261,701
NET (DECREASE) INCREASE IN CASH (3,571,963) 16,266
CASH - BEGINNING OF PERIOD 4,678,473 0
CASH - END OF PERIOD 1,106,510 16,266
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 1,328,847 0
Stock issued in conjunction with acquisition of Fight Time Promotions 287,468 0
Stock issued in conjunction with acquisition of National Fighting Championships 366,227 0
Stock issued in conjunction with acquisition of Fight Club OC 810,810 0
Stock issued in conjunction with acquisition of Sheffield Video Library $ 8,500 $ 0