CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
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12 Months Ended | |
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Dec. 31, 2014
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Dec. 31, 2013
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CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income (loss) from continuing operations | $ (7,360,235)us-gaap_ProfitLoss | $ 158,394us-gaap_ProfitLoss |
Adjustments to reconcile net loss to net cash used by operating activities: | ||
Depreciation | 20,600us-gaap_Depreciation | 0us-gaap_Depreciation |
Impairment charge | 6,960,887us-gaap_AssetImpairmentCharges | 0us-gaap_AssetImpairmentCharges |
Common stock issued as compensation | 119,535us-gaap_ShareBasedCompensation | 0us-gaap_ShareBasedCompensation |
(Increase) decrease in accounts receivable | (624)us-gaap_IncreaseDecreaseInAccountsReceivable | 0us-gaap_IncreaseDecreaseInAccountsReceivable |
Increase (decrease) in accounts payable /accrued expenses | 43,171us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (36,870)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
Increase (decrease) in accrued interest | 0us-gaap_IncreaseDecreaseInInterestPayableNet | (16,488)us-gaap_IncreaseDecreaseInInterestPayableNet |
NET CASH USED IN OPERATING ACTIVITIES | (216,666)us-gaap_NetCashProvidedByUsedInOperatingActivities | 105,036us-gaap_NetCashProvidedByUsedInOperatingActivities |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES | 0us-gaap_NetCashProvidedByUsedInInvestingActivities | 0us-gaap_NetCashProvidedByUsedInInvestingActivities |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Issuance of note receivable | 5,000us-gaap_ProceedsFromCollectionOfNotesReceivable | (175,000)us-gaap_ProceedsFromCollectionOfNotesReceivable |
Issuance of notes payable | 135,000us-gaap_ProceedsFromIssuanceOfLongTermDebt | 12,750us-gaap_ProceedsFromIssuanceOfLongTermDebt |
Extinguishment of debt | 0us-gaap_PaymentsOfDebtExtinguishmentCosts | (30,383)us-gaap_PaymentsOfDebtExtinguishmentCosts |
Related party proceeds | 70,544us-gaap_ProceedsFromRelatedPartyDebt | 0us-gaap_ProceedsFromRelatedPartyDebt |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 210,544us-gaap_NetCashProvidedByUsedInFinancingActivities | (192,633)us-gaap_NetCashProvidedByUsedInFinancingActivities |
NET DECREASE IN CASH | (6,122)us-gaap_CashPeriodIncreaseDecrease | (87,597)us-gaap_CashPeriodIncreaseDecrease |
CASH, BEGINNING OF PERIOD | 7,045us-gaap_Cash | 94,642us-gaap_Cash |
CASH, END OF PERIOD | 923us-gaap_Cash | 7,045us-gaap_Cash |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
Interest paid | 4,355us-gaap_InterestPaid | 684us-gaap_InterestPaid |
Income taxes paid | 0us-gaap_IncomeTaxesPaid | 0us-gaap_IncomeTaxesPaid |
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES | ||
Preferred stock series B & C stock issued in purchase of acquisition assets | 8,023,377us-gaap_FairValueOfAssetsAcquired | 0us-gaap_FairValueOfAssetsAcquired |
Common stock issued for services | 67,630us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims | 0us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims |
Common stock exchanged for debt | 74,158us-gaap_NotesAssumed1 | 0us-gaap_NotesAssumed1 |
Treasury stock issued for debt | $ 45,320us-gaap_StockIssued1 | $ 0us-gaap_StockIssued1 |
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- Definition
Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash. Cash is the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The fair value of assets acquired in noncash investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in interest payable, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value of share-based compensation granted to nonemployees as payment for services rendered or acknowledged claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The fair value of notes assumed in noncash investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow for incremental, external costs directly pertaining to an early extinguishment of debt, including legal costs and prepayment penalties, and excluding interest and repayment of debt principal. No definition available.
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The cash inflow associated with principal collections from a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash inflow from a long-term borrowing made from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Proceeds from Advances from Affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The fair value of stock issued in noncash financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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