Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - Statements of Cash Flows - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Operating Activites:      
Net loss $ (773,101) $ (300,619)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock based compensation 78,472  
Depreciation 9,147 6,731  
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (7,971)  
Deferred contracted software development costs - related party 55,938  
Escrow fund payments 250  
Deposits (44,876)  
Accrued interest 8,040 1,030  
Accounts payable and accrued expenses 2,112 5,284  
Unearned revenue - related party (156,000) 81,000  
Net Cash Used in Operating Activities (827,989) (206,574)  
Investing Activities:      
Purchases of property and equipment (8,737) (22,781)  
Cash acquired in merger 420  
Net Cash Used in Investing Activities (8,317) (22,781)  
Financing Activities:      
Proceeds from sale of Series A Preferred stock 1,500,004  
Escrow fund cash received (215,000)  
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 111,300  
Net Cash Provided by Financing Activities 1,607,504 161,300  
Net Increase (Decrease) in Cash 771,198 (68,055)  
Cash - Beginning of Period 3,165 85,163 $ 85,163
Cash - End of Period 774,363 17,108 $ 3,165
Net assets acquired in reverse acquisition:      
Goodwill 6,160,229  
Accounts payable (31,100)  
Notes payable - related party (174,058)  
Net assets acquired 5,955,071  
Derivative liability 1,103,276  
Common stock issued for officers loans, related party notes and accrued interest 193,933  
Conversion of Series C Preferred stock to common stock 10,000  
Supplemental disclosure of cash flow information:      
Interest paid in cash 1,268  
Income taxes paid in cash