Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
 8 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income $ (208,460) $ (819,352) $ 208,460
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Stock-based compensation 0 20,240  
Changes in operating assets and liabilities:      
Deferred offering cost 0 25,000  
Accounts payable and accrued liabilities 7,260 (90,106)  
Net cash used in operating activities (201,200) (864,218)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of Target Companies and Target Assets, net 0 (1,391,736)  
Net cash used in investing activities 0 (1,391,736)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from note payable - related party 195,911 523,550  
Repayments of note payable - related party 0 (877,000)  
Net proceeds from IPO 0 7,732,280  
Proceeds from issuance of common stock to founders 5,289 0  
Net cash provided by financing activities 201,200 7,378,830  
NET (DECREASE) INCREASE IN CASH 0 5,122,876  
CASH - BEGINNING OF PERIOD 0 0  
CASH - END OF PERIOD 0 5,122,876 0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid for interest 0 34,015  
Cash paid for taxes 0 0  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Stock issued in conjunction with Target Company and Target Asset acquisitions 0 6,198,889  
CFFC Promotions, LLC [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income   21,081 111,504
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Depreciation   1,359 2,678
Changes in operating assets and liabilities:      
Accounts receivable   7,500 (57,975)
Prepaid deposit   0 (4,000)
Accounts payable and accrued liabilities   450 0
Net cash used in operating activities   30,390 52,207
CASH FLOWS FROM FINANCING ACTIVITIES:      
Members' distribution   (35,845) (12,040)
Loans from related parties   0 (15,000)
Net cash provided by financing activities   (35,845) (27,040)
NET (DECREASE) INCREASE IN CASH   (5,455) 25,167
CASH - BEGINNING OF PERIOD   6,006 3,065
CASH - END OF PERIOD 28,232 551 28,232
HOOSIER FIGHT PROMOTIONS LLC [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income   39,358 24,177
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Depreciation   200 200
Changes in operating assets and liabilities:      
Accounts receivable   1,899 0
Accrued expenses   7,700 5,632
401K payable   177 1,599
Deferred revenue   (1,100) 0
Net cash used in operating activities   48,234 31,608
CASH FLOWS FROM FINANCING ACTIVITIES:      
Members' distribution   (44,650) (18,960)
Net cash provided by financing activities   (44,650) (18,960)
NET (DECREASE) INCREASE IN CASH   3,584 12,648
CASH - BEGINNING OF PERIOD   7,610 1,974
CASH - END OF PERIOD 14,622 11,194 14,622
PUNCH DRUNK INC [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income   (2,584) 19,120
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Depreciation   5,610 7,027
Changes in operating assets and liabilities:      
Accounts receivable   (5,000) 0
Accrued expenses   5,651 (2,733)
Customer deposit   0 17,500
Net cash used in operating activities   3,677 40,914
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayments of note payable - related party   0 (4,900)
Members' distribution   (25,210) (20,525)
Members' contribution   20,542 8,000
Net cash provided by financing activities   (4,668) (17,425)
NET (DECREASE) INCREASE IN CASH   (991) 23,489
CASH - BEGINNING OF PERIOD   3,829 7,829
CASH - END OF PERIOD 31,318 2,838 31,318
BANG TIME ENTERTAINMENT, LLC [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income   75,322 67,799
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Depreciation   142 446
Changes in operating assets and liabilities:      
Accounts receivable   (10,500) 2,000
Accounts payable and accrued liabilities   11,685 1,766
Deferred revenue   0 1,000
Prepaid expenses   (4,103) (5,273)
Net cash used in operating activities   72,546 67,738
CASH FLOWS FROM FINANCING ACTIVITIES:      
Members' distribution   (71,257) (76,000)
Members' contribution   0 5,000
Net cash provided by financing activities   (71,257) (71,000)
NET (DECREASE) INCREASE IN CASH   1,289 (3,262)
CASH - BEGINNING OF PERIOD   11,842 21,689
CASH - END OF PERIOD 18,427 13,131 18,427
V3 Fights [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income   7,675 (16,587)
Changes in operating assets and liabilities:      
Accounts payable and accrued liabilities   (372) 17,691
Net cash used in operating activities   7,303 1,104
CASH FLOWS FROM FINANCING ACTIVITIES:      
Members' distribution   (16,500) (7,782)
Members' contribution   6,500 3,000
Net cash provided by financing activities   (10,000) (4,782)
NET (DECREASE) INCREASE IN CASH   (2,697) (3,678)
CASH - BEGINNING OF PERIOD   2,697 5,000
CASH - END OF PERIOD 1,322 0 1,322
Go Fight Net, Inc [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income   (46,603) (2,144)
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Depreciation   20,808 27,366
Changes in operating assets and liabilities:      
Accounts receivable   (900) 0
Accounts payable and accrued liabilities   (1,755) (15,556)
401K payable   (4,000) 0
Net cash used in operating activities   (32,451) 9,666
CASH FLOWS FROM FINANCING ACTIVITIES:      
NET (DECREASE) INCREASE IN CASH   (32,451) 9,666
CASH - BEGINNING OF PERIOD   74,532 84,414
CASH - END OF PERIOD 94,080 42,081 94,080
Cagetix LLC [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income   83,863 39,999
Changes in operating assets and liabilities:      
Accounts payable and accrued liabilities   (1,564) 24,589
Accrued expenses   10,462 2,481
Net cash used in operating activities   92,761 67,069
CASH FLOWS FROM FINANCING ACTIVITIES:      
Members' distribution   (101,126) (42,697)
Members' contribution   0 6,900
Net cash provided by financing activities   (101,126) (35,797)
NET (DECREASE) INCREASE IN CASH   (8,365) 31,272
CASH - BEGINNING OF PERIOD   57,334 14,747
CASH - END OF PERIOD $ 46,019 $ 48,969 $ 46,019