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) - USD ($)
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activites:    
Income (loss) from continuing operations $ (1,122,326) $ 2,140,915
Income (loss) from discontinued operations 670,248 (712,223)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 868 3,152
Common stock issued for services 71,339 32,500
Warrants and options issued for services 348,587 265,558
Change in derivative liabilities 268,928 (2,623,178)
Loss in fair value of ether 56,600
Restricted stock units issued for services 128,693
Interest expense from amortization of debt discount 25,670 5,910
Straight line non-cash rent expense 32,147
Gain on sale of subsidiary (670,428)
Changes in operating assets and liabilities:    
Interest receivable 136,645 28,936
Prepaid expenses and other current assets (58,019) (91,076)
Escrow fund 59,386
Deposits 78,000
Accrued interest 136,645 28,936
Accounts payable and accrued expenses (71,166) 24,614
Net Cash Used in Operating Activities (344,854) (626,666)
Investing Activities:    
Purchases of property and equipment (52,105)
Proceeds from sale of subsidiary net of subsidiary cash 99,495
Purchases of ether (100,000)
Net Cash Used in Investing Activities (52,610)
Financing Activities:    
Net proceeds from convertible notes payable 1,000,000 617,500
Net proceeds from convertible notes payable - related party 95,000
Net Cash Provided by Financing Activities 1,000,000 712,500
Net Increase in Cash 602,536 85,834
Cash - Beginning of Period 559,237 225,379
Cash - End of Period 1,161,773 311,213
Supplemental disclosure of non-cash investing and financing activities:    
Issuance of Series E Preferred for Series A, A-1 and C 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
Conversion of Series C Preferred stock to common stock 1,300
Conversion of Series A-1 Preferred stock to common stock 3,752
Note receivable from sale of subsidiary 120,000
Supplemental disclosure of cash flow information:    
Interest paid in cash 92
Income taxes paid in cash