Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
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