General form of registration statement for all companies including face-amount certificate companies

Consolidated Statements of Cash Flows

v3.20.4
Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended 9 Months Ended 12 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Sep. 30, 2020
Sep. 30, 2019
Apr. 30, 2020
Dec. 31, 2019
Apr. 30, 2019
Dec. 31, 2018
Cash Flows from Operating Activities                
Net loss/income $ (1,105,525) $ (537,623)     $ (1,601,931)   $ (751,332)  
Stock based compensation 214,122 12,067     269,895    
Amortization of debt discount 18,401            
Derivative expense 148,587              
Change in fair value of derivative 83,803            
Changes in operating assets and liabilities                
Prepaid expenses 75,000            
Inventory (91,836)     48,761    
Other current assets 3,020     124,979   (100,000)  
Customer deposits 27,786     38,419    
Accounts payable 106,042 40,001     68,068   20,894  
Accrued expenses 27,148 (5,293)     36,225   7,050  
Net cash used in operating activities (568,452) (415,848)     (811,584)   (753,388)  
Cash Flows from Investing Activities                
Acquired through acquisitions 24,704     46,327    
Net cash provided by investing activities 24,704     46,327    
Cash Flows from Financing Activities                
Proceeds from issuance of common stock           684,700  
Capital to be returned           1,800  
Proceeds from exercise of warrants         152,239    
Payments under related party obligations (3,907)     (12,725)    
Proceeds from notes payable 419,050            
Payments under notes payable (183,294)     (91,027)    
Proceeds from convertible debentures 580,000     450,000    
Common stock to be issued 152,239            
Net cash provided by financing activities 811,849 152,239     498,487   686,500  
Net use of Cash 243,397 (238,905)     (266,770)   (66,888)  
Cash, beginning of period 236,668 503,438     503,438   570,326  
Cash, end of period 480,065 264,533     236,668   503,438  
Supplemental disclosure of cash flow information:                
Cash paid for interest        
Cash paid for taxes        
Noncash transactions                
Common stock issued for services 70,000     204,000   70,000  
Fair value of shares exchanged in acquisitions 117,754     $ 1,937,867    
Conversion of Notes into common stock 450,000            
Conversion of accrued interest into common stock $ 45,024            
FAT SHARK HOLDINGS                
Cash Flows from Operating Activities                
Net loss/income     $ 307,626 $ 239,676   $ 250,242   $ (452,880)
Adjustments to reconcile net loss to net cash from operations:                
Forgiveness of note receivable     (50,000)        
Opening Equity     (4,000)        
Changes in operating assets and liabilities                
Accounts receivable     313,819 175,716   342,603   (722,217)
Inventory     203,125 375,862   448,482   14,782
Other current assets     (271,338) (5,575)   (145,525)   8,000
Customer deposits     (90,289) (83,722)   46,816   35,163
Accounts payable     (697,195) (127,162)   36,234   625,572
Accrued expenses     8,461 391   15,908   20,970
Net cash used in operating activities     (275,791) 571,186   994,760   (470,610)
Cash Flows from Investing Activities                
Net cash provided by investing activities        
Cash Flows from Financing Activities                
Repurchase of common stock     (30,000)   (30,000)  
Payments under notes payable     (863,729)   (863,729)  
Net cash provided by financing activities     (893,729)   (893,729)  
Net use of Cash     (275,791) (322,543)   101,031   (470,610)
Cash, beginning of period     513,351 412,320   412,320   882,930
Cash, end of period     237,560 89,777   513,351   412,320
Supplemental disclosure of cash flow information:                
Cash paid for interest        
Cash paid for taxes