v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 446,322 $ (1,197,412)
Adjustments to reconcile net loss to cash used in operating activities    
Depreciation and amortization 44,311 45,178
Amortization of debt discount 75,638  
Stock compensation 7,769 21,442
Amortization of debt issuance costs 5,705 49,281
(Gain) loss on litigation (405,000) 505,000
Change in assets and liabilities    
Prepaid expenses and other assets 51,901 90,847
Accounts payable (41,379) (3,867)
Accrued expenses (133,508) (36,282)
Advances (repayments) to related party 71,289 (25,441)
Other liabilities (22,277) 20,972
Deferred taxes   (702,900)
Net cash used in operating activities (3,031) (1,414,876)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures   (3,255)
Proceeds for real estate assets owned 32,544 187,297
Net cash provided by investing activities 236,429 346,526
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowing 500,000  
Principal repayments (39,028) (379,000)
Debt issue costs (82,382)  
Net cash provided by (used in) financing activities 378,590 (379,000)
NET INCREASE (DECREASE) IN CASH 611,988 (1,447,350)
CASH - BEGINNING OF YEAR 590,394 2,268,180
CASH - END OF YEAR 1,202,382 820,830
SUPPLEMENTAL DISCLOSURES OF CASHFLOW INFORMATION    
Cash paid for interest   221,359
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Debt discount on issuance of warrants 154,676  
Insurance financing 87,012  
Original Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables 133,250 47,135
Special Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables $ 70,635 $ 115,349

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