Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (5,714,709) $ (184,260)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 451 0
Stock-based compensation 5,629,833 0
Amortization of acquired intangibles 6,324 0
Gain on change in fair value of warrant assets (55,000) 0
Gain on change in fair value of convertible notes receivable (531,405) 0
Changes in operating assets and liabilities:    
Accounts receivable (248,338) 65,047
Prepaid expenses and other assets (252,907) 0
Accounts payable and accrued liabilities (1,083,263) (44,131)
Contract liabilities (4,792) 168,911
Net cash (used in) provided by operating activities of continuing operations (2,253,806) 5,567
Net cash (used in) operating activities of discontinued operations (311,891) 0
Net cash (used in) operating activities (2,565,697) 5,567
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash acquired in reverse acquisition 5,441,437 0
Advances to due from shareholder (199,549) (587,053)
Advances on convertible notes receivable - Alliance MMA (215,000) 0
Purchases of fixed assets (28,383) 0
Net cash provided by (used in) investing activities 4,998,505 (587,053)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from notes payable - related parties 120,000 591,600
Proceeds from preferred stock placement 75,000 0
Proceeds from exercise of warrants 61,023 0
Net cash provided by financing activities 256,023 591,600
NET INCREASE IN CASH 2,688,831 10,114
CASH - BEGINNING OF PERIOD 76,459 15,159
CASH - END OF PERIOD 2,765,290 25,273
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 0 0
Cash paid for taxes 0 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of warrant in settlement of vendor liability 66,275 0
Cashless exercise of warrant 4 0
Surrender of common shares 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 into Series A Preferred Shares 1,900,000 0
Issuance of preferred and common stock in connection with acquisition of Alliance MMA, net of cash $ 6,423,869 $ 0