v3.19.3
Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss)   $ (201,708)
Adjustments to reconcile net loss to net cash (used in)/provided by operating activities:    
Depreciation $ 4,194 0
Stock-based compensation 6,283,811 0
Issuance of common stock in settlement of Series A Convertible Preferred Stock contractual fee 245,741 0
Common stock issued in settlement of litigation 75,000 0
Amortization of acquired intangibles 25,295 0
Gain on change in fair value of warrant assets (55,000)  
Gain on exchange of debt for common stock (151,646) 0
Gain on change in fair value of convertible notes receivable (531,405) 94,557
Changes in operating assets and liabilities:    
Accounts receivable (646,396) (1,872)
Prepaid expenses and other assets 35,514 0
Accounts payable and accrued liabilities (305,437) 772,345
Contract liabilities (61,316) (162,190)
Net cash (used in)/provided by operating activities of continuing operations (3,932,955) 406,575
Net cash (used in) operating activities of discontinued operations (314,514) 0
Net cash (used in) provided by operating activities (4,247,469) 406,575
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash acquired in reverse acquisition 5,441,437  
Advances to shareholder (199,549) (833,482)
Purchase of convertible notes receivable - Alliance MMA (215,000) (642,620)
Purchases of fixed assets (114,806) 0
Net cash provided by (used in) investing activities 4,912,082 (1,476,102)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from notes payable - related parties 120,000 1,079,446
Proceeds from preferred stock placement 100,000 0
Proceeds from exercise of warrants 67,548 0
Net cash provided by financing activities 287,548 1,079,446
NET INCREASE IN CASH 952,161 9,919
CASH - BEGINNING OF PERIOD 76,459 15,159
CASH - END OF PERIOD 1,028,620 25,078
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 0 0
Cash paid for taxes 747 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Settlement of disputed contractual claim with issuance of common stock 118,002 0
Issuance of warrant in settlement of vendor liability 66,275 0
Cashless exercise of warrant 4 0
Surrender of common stock in settlement of due from shareholder balance 1,608,833 0
Stock and warrant dividend 1,705,722 0
Warrants issued to company 19,000 0
Conversion of notes payable-related party and interest into Series A Convertible Preferred Stock 1,900,000 0
Issuance of preferred and common stock in connection with acquisition of Alliance MMA, net of cash 6,423,869 0
Conversion of Series A Convertible Preferred Stock into common shares 1,585,710 0
Common stock issued in settlement of litigation $ 75,000 $ 0

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