v3.19.3
Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (1,187,168) $ (140,482)
Adjustments to reconcile net loss to cash used in operating activities    
Depreciation and amortization 51,990 55,195
Right to use asset depreciation 27,133  
Stock compensation 10,366 16,270
Gain on termination of operating lease (1,421)  
Gain on sale of fixed assets (5,000)  
Amortization of debt issuance costs   291,760
Gain on litigation   (405,000)
Change in assets and liabilities    
Prepaid expenses and other assets 79,996 (44,686)
Accounts payable and accrued expenses 91,929 (257,580)
Advances (repayments) to related party (1,174) 46,010
Other liabilities 62,580 (21,403)
Lease liability payments (23,466)  
Deferred taxes (14,200)  
Net cash used in operating activities (908,435) (459,916)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash received from business acquisition 51,327  
Proceeds for real estate assets owned 80,076 43,619
Cash paid to purchase fixed assets (13,299)  
Cash received from sales of fixed assets 5,000  
Net cash provided by investing activities 326,919 292,185
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowing   500,000
Principal repayments (135,149) (56,430)
Exercise of warrants 22,320  
Debt issue costs   (91,760)
Net cash provided by (used in) financing activities (112,829) 351,810
NET INCREASE (DECREASE) IN CASH (694,345) 184,079
CASH - BEGINNING OF YEAR 3,520,753 590,394
CASH - END OF YEAR 2,826,408 774,473
SUPPLEMENTAL DISCLOSURES OF CASHFLOW INFORMATION    
Cash paid for interest 31,936 221,359
SUPPLEMENTAL DISCLOSURES OF NON-CASHFLOW INFORMATION    
Non Cash - insurance financing 127,490 87,012
Non Cash - debt discount - warrants   154,676
Financing loan for purchase of fixed asset 12,892  
ROU asset obligation recognized 331,477  
Original Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables 115,769 172,933
Special Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables $ 88,046 $ 75,633

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