Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended 11 Months Ended 12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net (loss) income     $ (386,456) $ (4,159,394) $ 386,456
Adjustments to reconcile net (loss) income to net cash provided by operating activities:          
Depreciation of fixed assets     0 12,950  
Amortization of acquired intangibles     0 384,487  
Deferred income taxes       (755,647) 0
Stock-based compensation     0 2,645,573  
Changes in operating assets and liabilities:          
Accounts receivable     0 28,251  
Prepaid and other assets     0 (130,749)  
Deferred offering cost     (25,000) 25,000  
Accounts payable and accrued liabilities/expenses     52,717 (68,615)  
Net cash used in operating activities     (358,739) (2,018,144)  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Purchase of Initial Business Units and Acquired Assets     0 (1,521,236)  
Purchase of Iron Tiger Fight Series     0 (148,284)  
Purchase of Alliance MMA brand     0 (70,000)  
Purchase of fixed assets     0 (111,601)  
Net cash used in investing activities     0 (1,851,121)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from note payable - related party     353,450 523,550  
Repayment of notes payable - related party     0 (877,000)  
Net proceeds from IPO     0 8,901,188  
Proceeds from issuance of common stock to founders     5,289 0  
Net cash provided by financing activities     358,739 8,547,738  
NET (DECREASE) INCREASE IN CASH     0 4,678,473  
CASH - BEGINNING OF PERIOD $ 0   0 0  
CASH - END OF PERIOD     0 4,678,473 0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:          
Cash paid for interest     0 34,014  
Cash paid for taxes     0 0  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:          
Stock issued in conjunction with acquisition of Initial Business Units and Acquired Assets     0 6,198,889  
Stock issued in conjunction with acquisition of Iron Tiger Fight Series     0 506,665  
CFFC Promotions, LLC [Member]          
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net (loss) income 13,081       16,652
Adjustments to reconcile net (loss) income to net cash provided by operating activities:          
Depreciation of fixed assets 1,359       2,678
Bad debt expense 0       22,625
Changes in operating assets and liabilities:          
Accounts receivable 7,500       (33,125)
Accounts payable and accrued liabilities/expenses 8,450       23,650
Net cash used in operating activities 30,390       32,481
CASH FLOWS FROM FINANCING ACTIVITIES:          
Members' distribution (35,845)       (14,540)
Loans from related parties 0       (15,000)
Net cash provided by financing activities (35,845)       (29,540)
NET (DECREASE) INCREASE IN CASH (5,455)       2,941
CASH - BEGINNING OF PERIOD 6,006 $ 3,065   6,006 3,065
CASH - END OF PERIOD 551   6,006   6,006
Hoosier Fight Club Promotions, LLC [Member]          
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net (loss) income 34,650       27,020
Adjustments to reconcile net (loss) income to net cash provided by operating activities:          
Depreciation of fixed assets 200       267
Changes in operating assets and liabilities:          
Accounts receivable 1,899       (2,995)
Accrued expenses 12,408       9,000
401K payable 177       2,185
Deferred revenue (1,100)       7,500
Net cash used in operating activities 48,234       42,977
CASH FLOWS FROM FINANCING ACTIVITIES:          
Members' distribution (44,650)       (54,021)
Members' contribution 0       16,680
Net cash provided by financing activities (44,650)       (37,341)
NET (DECREASE) INCREASE IN CASH 3,584       5,636
CASH - BEGINNING OF PERIOD 7,610 1,974   7,610 1,974
CASH - END OF PERIOD 11,194   7,610   7,610
PUNCH DRUNK, INC [Member]          
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net (loss) income 1,416       10,107
Adjustments to reconcile net (loss) income to net cash provided by operating activities:          
Depreciation of fixed assets 5,610       9,183
Changes in operating assets and liabilities:          
Accounts receivable (9,000)       0
Accounts payable and accrued liabilities/expenses 5,651       14,012
Customer deposit 0       (12,500)
Net cash used in operating activities 3,677       20,802
CASH FLOWS FROM FINANCING ACTIVITIES:          
Members' distribution (25,210)       (23,412)
Members' contribution 20,542       3,610
Repayment of notes payable - related party 0       (5,000)
Net cash provided by financing activities (4,668)       (24,802)
NET (DECREASE) INCREASE IN CASH (991)       (4,000)
CASH - BEGINNING OF PERIOD 3,829 7,829   3,829 7,829
CASH - END OF PERIOD 2,838   3,829   3,829
BANG TIME ENTERTAINMENT, LLC [Member]          
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net (loss) income 75,322       114,113
Adjustments to reconcile net (loss) income to net cash provided by operating activities:          
Depreciation of fixed assets 142       595
Bad debt expense 0       6,500
Changes in operating assets and liabilities:          
Accounts receivable (10,500)       (10,500)
Prepaid expenses (4,103)       0
Accounts payable and accrued liabilities/expenses 11,685       17,425
Net cash used in operating activities 72,546       128,133
CASH FLOWS FROM FINANCING ACTIVITIES:          
Members' distribution (71,257)       (142,980)
Members' contribution 0       5,000
Net cash provided by financing activities (71,257)       (137,980)
NET (DECREASE) INCREASE IN CASH 1,289       (9,847)
CASH - BEGINNING OF PERIOD 11,842 21,689   11,842 21,689
CASH - END OF PERIOD 13,131   11,842   11,842
V3 Fights [Member]          
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net (loss) income 7,675 (27,044)     (27,044)
Changes in operating assets and liabilities:          
Accounts payable and accrued liabilities/expenses (372) 35,353      
Net cash used in operating activities 7,303 8,309      
CASH FLOWS FROM FINANCING ACTIVITIES:          
Members' distribution (16,500) (15,112)      
Members' contribution 6,500 4,500      
Net cash provided by financing activities (10,000) (10,612)      
NET (DECREASE) INCREASE IN CASH (2,697) (2,303)      
CASH - BEGINNING OF PERIOD 2,697 5,000   2,697 5,000
CASH - END OF PERIOD 0 2,697 2,697   2,697
Go Fight Net, Inc [Member]          
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net (loss) income (46,603)       (51,941)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:          
Depreciation of fixed assets 20,807       36,299
Changes in operating assets and liabilities:          
Accounts receivable (900)       0
Accounts payable and accrued liabilities/expenses (1,755)       1,760
401K payable (4,000)       4,000
Net cash used in operating activities (32,451)       (9,882)
CASH FLOWS FROM FINANCING ACTIVITIES:          
NET (DECREASE) INCREASE IN CASH (32,451)       (9,882)
CASH - BEGINNING OF PERIOD 74,532 84,414   74,532 84,414
CASH - END OF PERIOD 42,081   74,532   74,532
Cagetix LLC [Member]          
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net (loss) income 83,863       37,918
Changes in operating assets and liabilities:          
Accounts payable and accrued liabilities/expenses (1,564)       37,017
Accrued expenses 10,462       19,721
Net cash used in operating activities 92,761       94,656
CASH FLOWS FROM FINANCING ACTIVITIES:          
Members' distribution (101,126)       (61,219)
Members' contribution 0       9,150
Net cash provided by financing activities (101,126)       (52,069)
NET (DECREASE) INCREASE IN CASH (8,365)       42,587
CASH - BEGINNING OF PERIOD 57,334 $ 14,747   $ 57,334 14,747
CASH - END OF PERIOD $ 48,969   $ 57,334   $ 57,334