v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows From Operating Activities    
Net loss $ (2,086,776) $ (56,644)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 18,009 15,595
Amortization expense 176,284 0
Share-based compensation 113,247 0
Stock issued for services 294,080 0
Amortization of debt discount 239,040 0
Loss on investment in joint venture 12,538 0
Noncash lease expense 4,077 0
Operating expenses and interest paid through member contributions 0 34,544
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (88,166) 0
Accounts payable 27,264 0
Accrued liabilities 465,998 0
Related party payables (75,073) 8,500
Operating lease liability (4,077) 0
Other assets (4,424) 0
Net Cash Provided by (Used in) Operating Activities (907,979) 1,995
Cash Flows From Investing Activities    
Purchase of property and equipment (307,446) 0
Net Cash Used in Investing Activities (307,446) 0
Cash Flows From Financing Activities    
Proceeds from issuance of convertible notes payable 1,304,000 0
Principal payments on notes payable (4,437) 0
Principal payments on unsecured notes payable, related parties (135,000) 0
Net Cash Provided by Financing Activities 1,164,563 0
Net Increase (Decrease) in Cash (50,862) 1,995
Cash at Beginning of Year 89,550 0
Cash at End of Year 38,688 1,995
Noncash Investing and Financing Information:    
Long-term assets purchased through share issuance 3,031,500 0
Long-term assets purchased through accounts payable 1,118,349 0
Long-term assets purchased through related party payables 910,564 0
Long-term assets contributed to joint venture 52,450 0
Debt discount on convertible notes payable 1,031,040 0
Payments on note payable through member contributions 0 3,166
Operating expenses paid through member contributions $ 0 $ 34,544

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