v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (989,062) $ (907,521)
Adjustments to reconcile net loss to cash used in operating activities    
Depreciation and amortization 11,727 32,550
Right to use asset depreciation 51,229 4,852
Stock compensation 132,244 6,931
Recovery of cost from related party receivable (200,000)  
Gain on disposal of business unit (16,426) 63,929
Change in assets and liabilities    
Prepaid expenses and other assets 49,059 52,389
Accounts payable and accrued expenses 21,858 89,329
Repayments from related party 496,546 32,395
Other liabilities   48,578
Lease liability payments (45,742) (4,426)
Deferred taxes   (14,200)
Net cash used in operating activities (488,567) (659,123)
CASH FLOWS FROM INVESTING ACTIVITIES:    
(Payments)/proceeds for real estate assets owned (2,055) 64,101
Net cash payment for IIU disposal (246,914)  
Investment in note receivable - related party 1,500,000  
Net cash received from business acquisition   51,327
Net cash provided by investing activities 1,344,697 290,544
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings 185,785  
Principal repayments (69,540) (80,761)
Exercise of warrants 2,946,480 22,320
Proceeds from stock subscription 1,250,000  
Net cash provided by (used in) financing activities 4,312,725 (58,441)
NET INCREASE (DECREASE) IN CASH 5,168,855 (427,020)
CASH - BEGINNING OF YEAR 1,069,823 3,520,753
CASH - END OF YEAR 6,238,678 3,093,733
SUPPLEMENTAL DISCLOSURES OF CASHFLOW INFORMATION    
Cash paid for interest 12,626 16,743
Income taxes
SUPPLEMENTAL DISCLOSURES OF NON-CASHFLOW INFORMATION    
ROU asset obligation recognized   26,685
Original Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables 61,590 95,242
Special Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables $ 32,076 $ 79,874

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