Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activites:    
Net income/(loss) $ 1,428,692 $ (5,448)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,152 2,898
Common stock issued for services 32,500
Options issued for services 265,558
Change in derivative liability (2,623,178)
Restricted stock units issued for services 128,693
Interest expense from amortization of debt discount 5,910
Unearned revenue - related party (156,000)
Straight line non-cash rent expense 32,147
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (91,076) 3,365
Deferred contracted software development costs - related party 55,938
Escrow fund 59,386
Deposits 78,000 (3,000)
Accrued interest 28,936 1,641
Accounts payable and accrued expenses 24,614 7,573
Net Cash Used in Operating Activities (626,666) (93,033)
Investing Activities:    
Purchases of property and equipment (5,478)
Net Cash Used in Investing Activities (5,478)
Financing Activities:    
Capital contributions 175,000
Net proceeds from convertible notes payable 617,500
Net proceeds from convertible notes payable - related party 95,000
Net Cash Provided by Financing Activities 712,500 175,000
Net Increase in Cash 85,834 76,489
Cash - Beginning of Period 225,379 3,165
Cash - End of Period 311,213 79,654
Supplemental disclosure of non-cash investing and financing activities:    
Conversion of Series C Preferred stock to common stock 1,300
Conversion of Series A-1 Preferred stock to common stock 3,752
Supplemental disclosure of cash flow information:    
Interest paid in cash 92 271
Income taxes paid in cash