Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (7,135,962) $ (3,414,352)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 787,988 2,615,240
Amortization of acquired intangibles 894,373 0
Depreciation of fixed assets 96,810 0
Deferred income tax and other, net 767,625 0
Changes in operating assets and liabilities:    
Accounts receivable (380,465) 0
Prepaid expenses 77,651 0
Deferred offering costs 0 25,000
Accounts payable and accrued liabilities 733,154 (90,106)
Net cash used in operating activities (4,158,826) (864,218)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Victory Fighting Championship (180,000) 0
Purchase of Fight Club OC, net (48,900) 0
Purchase of National Fighting Championships (140,000) 0
Purchase of Fight Time Promotions (84,000) 0
Purchase of SuckerPunch (357,500) 0
Purchase of Sheffield video library (25,000) 0
Purchase of fixed assets (173,550) 0
Purchase of Initial Business Units and Initial Acquired Assets 0 (1,391,736)
Net cash used in investing activities (1,008,950) (1,391,736)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of common stock 1,525,000 0
Proceeds from note payable - related party 0 523,550
Repayment of note payable - related party 0 (877,000)
Net proceeds from IPO 0 7,732,280
Net cash provided by financing activities 1,525,000 7,378,830
NET (DECREASE) INCREASE IN CASH (3,642,776) 5,122,876
CASH — BEGINNING OF PERIOD 4,678,473 0
CASH — END OF PERIOD 1,035,697 5,122,876
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 0 34,015
Cash paid for taxes 0 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Stock issued in conjunction with acquisition of Victory Fighting Championship 642,938 0
Stock issued in conjunction with acquisition of Fight Club OC 810,810 0
Stock issued in conjunction with acquisition of National Fighting Championships 366,227 0
Stock issued in conjunction with acquisition of Fight Time Promotions 287,468 0
Stock issued in conjunction with acquisition of SuckerPunch 1,328,847 0
Stock issued in conjunction with acquisition of Sheffield Video Library 8,500 0
Stock issued in conjunction with acquisition of Target Companies and target assets $ 0 $ 6,198,889