Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CASH FLOWS (Unaudited)

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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activites:    
Net income (loss) from continuing operations $ (1,600,243) $ 3,091,605
Net income (loss) from discontinued operations 670,248 (1,204,053)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 21,134 6,303
Common stock issued for services 228,233 242,500
Warrants and options issued for services 464,834 338,334
Change in derivative liabilities 162,016 (4,015,061)
Net cryptocurrencies received in lieu of cash (8,501)
Loss in fair value of cryptocurrencies 55,083
Restricted stock units issued for services 128,693
Interest expense from amortization of debt discount 37,496 24,456
Gain on sale of subsidiary (670,428)
Changes in operating assets and liabilities:    
Accounts receivable (280) (341)
Interest receivable 229,066 119,603
Prepaid expenses and other current assets (75,997) (64,205)
Escrow fund 71,546
Deposits (459,648) 78,000
Accrued interest 229,066 119,603
Accounts payable and accrued expenses (94,777) 254,904
Net Cash Used in Operating Activities (1,045,364) (927,716)
Investing Activities:    
Purchases of property and equipment (328,305)
Proceeds from sale of subsidiary net of subsidiary cash 99,495
Purchases of cryptocurrency (100,000)
Net Cash Used in Investing Activities (328,810)
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 (374,174) (215,216)
Cash - Beginning of Period 559,237 225,379
Cash - End of Period 185,063 10,163
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 174,724
Conversion of Series C Preferred stock to common stock 1,130
Conversion of Series A-1 Preferred stock to common stock 545
Note receivable from sale of subsidiary 120,000
Supplemental disclosure of cash flow information:    
Interest paid in cash 135
Income taxes paid in cash