Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (13,665,941) $ (7,135,962)
Adjustments to reconcile net loss to net cash used in operating activities:    
Impairment - Intangible assets 231,037 0
Stock-based compensation 738,503 408,983
Amortization of acquired intangibles 40,833 57,137
Loss from discontinued operations 10,673,418 4,865,446
Changes in operating assets and liabilities:    
Accounts receivable (34,353) 0
Accounts payable and accrued liabilities (239,338) 371,752
Net cash used in operating activities of continuing operations (2,255,841) (1,432,644)
Net cash used in operating activities of discontinued operations (932,828) (3,148,110)
Net cash used in operating activities (3,188,669) (4,580,754)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash used in investing activities of discontinued operations (21,849) (1,008,950)
Net cash used in investing activities (21,849) (1,008,950)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 1,946,000 1,525,000
Proceeds from exercise of stock option and warrants 306,457 0
Proceeds from notes payable 1,010,000 0
Proceeds from notes payable - related party 300,000 0
Payment on loan payable (390,000) 0
Net cash provided by financing activities of continuing operations 3,172,457 1,525,000
Net cash provided by financing activities of discontinued operations 0 0
Net cash provided by financing activities 3,172,457 1,525,000
NET INCREASE DECREASE IN CASH (38,061) (4,064,704)
CASH - BEGINNING OF PERIOD 42,848 4,567,575
CASH - END OF PERIOD 4,787 502,871
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 45,625 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
Stock issued in conjunction with acquisition of National Fighting Championships 0 366,227
Stock issued in conjunction with acquisition of Fight Club OC 0 810,810
Stock issued in conjunction with acquisition of Sheffield video Library 0 8,500
Non-cash dividend 200,000 0
Exercise of stock option in settlement of payable balance $ 25,000 $ 0