Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating Activites:    
Net loss $ (3,376,775) $ (381,735)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 12,298 9,446
Gain on sale of assets (180,248)
Change in derivative liability 2,094,319
Restricted stock units issued for services 97,306
Unearned revenue - related party (156,000)
Straight line non-cash rent expense 20,134
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (29,044) (3,000)
Deferred contracted software development costs - related party 55,938 (55,938)
Escrow fund (79,855)
Deposits (44,876)
Accrued interest 8,040 1,593
Accounts payable and accrued expenses (13,211) 2,617
Unearned revenue - related party 156,000
Net Cash Used in Operating Activities (1,591,974) (271,017)
Investing Activities:    
Purchases of property and equipment (8,736) (22,781)
Cash acquired in merger 420
Net Cash Used in Investing Activities (8,316) (22,781)
Financing Activities:    
Proceeds from sale of Series A Preferred stock 1,500,004
Capital contributions 325,000 25,000
Proceeds from notes payable 25,000
Payments on notes payable (27,500)
Proceeds from convertible notes payable - members 25,000
Proceeds from officer loans 161,800
Net Cash Provided by Financing Activities 1,822,504 211,800
Net Increase (Decrease) in Cash 222,214 (81,998)
Cash - Beginning of Period 3,165 85,163
Cash - End of Period 225,379 3,165
Supplemental disclosure of non-cash investing and financing activities:    
Common stock issued for officers loans, related party notes and accrued interest 193,933
Conversion of Series C Preferred stock to common stock 2,385
Supplemental disclosure of cash flow information:    
Interest paid in cash 1,310 224
Income taxes paid in cash