Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) from continuing operations $ (120,504) $ (67,982)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation 10,300 10,300
Gain on derivative liability 65,902 0
Accretion debt discount 40,507 0
(Increase) decrease in accounts receivable 580 (37,366)
Increase (decrease) in accounts payable /accrued expenses (61,003) 122,616
Increase (decrease) in accrued interest 0 1,020
Increase (decrease) in deferred revenue 0 23,151
NET CASH USED IN OPERATING ACTIVITIES (64,218) 51,739
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of intangible assets 0 (8,007,031)
Purchase of equipment 0 (206,000)
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES 0 (8,213,031)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of note receivable 0 5,000
Issuance of notes payable 64,000 139,500
Payments on related party notes 1,837 0
Issuance of preferred stock Series A 0 7,795,650
Issuance of preferred stock Series B 0 227,727
NET CASH PROVIDED BY FINANCING ACTIVITIES 65,837 8,167,877
NET DECREASE IN CASH 1,619 6,585
CASH, BEGINNING OF PERIOD 923 7,045
CASH, END OF PERIOD 2,542 13,630
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 0 0
Income taxes paid 0 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Preferred stock series A & B stock issued in purchase of acquisition assets 0 8,023,377
Common stock issued for investment 2,200,000 0
Common stock exchanged for debt $ 33,400 $ 0