v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (140,482) $ (5,901,284)
Adjustments to reconcile net loss to cash used in operating activities    
Depreciation and amortization 55,195 64,003
Amortization of debt discount 154,676  
Stock compensation 16,270 21,799
Amortization of debt issuance costs 291,760 73,922
(Gain) loss on litigation (405,000) 505,000
Change in assets and liabilities    
Prepaid expenses and other assets (44,686) 14,571
Accounts payable (41,408) 5,050
Accrued expenses (216,172) 20,355
Advances (repayments) to related party 46,010 94
Other liabilities (21,403) 46,813
Deferred taxes   3,431,536
Net cash used in operating activities (305,240) (1,718,141)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures   (4,468)
Proceeds for real estate assets owned 43,619 320,997
Net cash provided by investing activities 292,185 627,151
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowing 500,000  
Principal repayments (56,430) (574,611)
Debt issue costs (91,760)  
Net cash provided by (used in) financing activities 351,810 (574,611)
NET INCREASE (DECREASE) IN CASH 338,755 (1,665,601)
CASH - BEGINNING OF YEAR 590,394 2,268,180
CASH - END OF YEAR 929,149 602,579
SUPPLEMENTAL DISCLOSURES OF CASHFLOW INFORMATION    
Cash paid for interest   313,042
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 172,933 152,810
Special Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables $ 75,633 $ 157,812

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