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 ($)
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (12,432,521) $ (4,673,908)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 334,299 560,978
Amortization of acquired intangibles 58,667 314,357
Impairment — intangible assets 413,583 0
Impairment — goodwill 1,522,605 0
Loss from discontinued operations 8,040,657 2,199,579
Changes in operating assets and liabilities:    
Accounts receivable 19,153 (211,600)
Prepaid and other assets 46,192 33,102
Accounts payable and accrued liabilities 96,501 288,815
Net cash (used in) operating activities of continuing operations (1,900,864) (1,488,677)
Net cash (used in) operating activities of discontinued operations (579,097) (1,647,452)
Net cash used in operating activities (2,479,961) (3,136,129)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of SuckerPunch 0 (357,500)
Net cash (used in) investing activities of continuing operations 0 (357,500)
Net cash (used in) investing activities of discontinued operations (21,849) (403,762)
Net cash used in investing activities (21,849) (761,262)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 1,946,000 0
Proceeds from notes payable 844,375 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 2,700,375 0
Net cash provided by financing activities of discontinued operations 0 0
Net cash provided by financing activities 2,700,375 0
NET INCREASE (DECREASE) IN CASH 198,565 (3,897,391)
CASH - BEGINNING OF PERIOD 257,424 4,567,575
CASH - END OF PERIOD 455,989 670,184
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