Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CASH FLOWS (Unaudited)

v3.19.1
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activites:    
Net loss from continuing operations $ (288,468) $ (1,122,326)
Net income from discontinued operations 670,248
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 16,026 868
Common stock issued for services 71,339
Amortization of prepaid colocation services 21,161
Warrants and options issued for services 17,949 348,587
Change in derivative liabilities 3,286 268,928
Net cryptocurrencies received in lieu of cash (4,149)
Loss recognized on disposition of cryptocurrencies 4,612 56,600
Interest expense from amortization of debt discount 14,069 25,670
Gain on sale of subsidiary (670,428)
Changes in operating assets and liabilities:    
Cryptocurrencies exchanged for cash 24,300
Accounts receivable (594)
Interest receivable 106,954 136,645
Prepaid expenses and other current assets (58,019)
Accrued interest 106,954 136,645
Accounts payable and accrued expenses 44,987 (71,166)
Net Cash Used in Operating Activities (44,367) (344,854)
Investing Activities:    
Purchases of property and equipment (52,105)
Proceeds from sale of subsidiary net of subsidiary cash 99,495
Collection of miscallenous receivable 62,500
Purchase of cryptocurrency (100,000)
Net Cash Used in Investing Activities 62,500 (52,610)
Financing Activities:    
Net proceeds from convertible notes payable 1,000,000
Repayment of note payable - related party (15,000)
Net Cash Provided by Financing Activities (15,000) 1,000,000
Net Increase in Cash 3,133 602,536
Cash - Beginning of Period 5,787 559,237
Cash - End of Period 8,920 1,161,773
Supplemental disclosure of non-cash investing and financing activities:    
Issuance of Series E Preferred for Other Preferred and warrants 1,629,992
Issuance of Series E Preferred for convertible debt and accrued interest 939,966
Conversion of Series E Preferred stock to common stock 108,332
Note receivable from sale of subsidiary 120,000
Reduction of misc receivable in exchange for prepaid colocation services 15,000
Supplemental disclosure of cash flow information:    
Interest paid in cash 74
Income taxes paid in cash