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 ($)
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,503,920) $ (2,369,833)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 116,510 319,729
Amortization of acquired intangibles 162,072 517,376
Impairment - goodwill 2,629,225 0
Depreciation of fixed assets 44,757 22,920
Changes in operating assets and liabilities:    
Accounts receivable (36,633) (190,123)
Prepaid and other assets 2,451 18,386
Accounts payable and accrued liabilities (226,648) 424,922
Net cash used in operating activities (1,812,186) (1,256,623)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of SuckerPunch 0 (357,500)
Purchase of Fight Time Promotions 0 (84,000)
Purchase of Sheffield video library 0 (25,000)
Purchase of fixed assets (26,696) (58,151)
Net cash used in investing activities (26,696) (524,651)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 1,946,000 0
Payment on loan payable (300,000) 0
Net cash provided by financing activities 1,646,000 0
NET DECREASE IN CASH (192,882) (1,781,274)
CASH - BEGINNING OF PERIOD 348,197 4,678,473
CASH - END OF PERIOD 155,315 2,897,199
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 45,000 0
Cash paid for taxes 0 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Stock issued in conjunction with acquisition of SuckerPunch 0 1,328,847
Stock issued in conjunction with acquisition of Fight Time Promotions $ 0 $ 287,468