Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) from continuing operations $ (67,982) $ (27,628)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation 10,300 0
Increase (decrease) in accounts payable /accrued expenses 122,616 (18,912)
Increase (decrease) in accrued interest 1,020 1,156
Increase (decrease) in deferred revenue 23,151 0
(Increase) decrease in accounts receivable (37,366) 0
(Increase) decrease in other assets 0 2,265
(Increase) decrease in inventory 0 975
NET CASH USED IN OPERATING ACTIVITIES 51,739 (42,144)
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of intangible assets (8,007,031) 0
Purchase of equipment (206,000) 0
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES (8,213,031) 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments on notes receivable 5,000 0
Proceeds from notes payable 139,500 0
Proceeds from notes payable related party 0 0
Issuance of preferred stock Series A 7,795,650 0
Issuance of preferred stock Series B 227,727 0
NET CASH PROVIDED BY FINANCING ACTIVITIES 8,167,877 0
NET DECREASE IN CASH 6,585 (42,144)
CASH, BEGINNING OF PERIOD 7,045 107,627
CASH, END OF PERIOD 13,630 65,483
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 649 684
Income taxes paid 0 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Preferred stock series B and C stock issued in purchase of acquisition assets 8,023,377 0
Common stock issued for services $ 0 $ 0