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 $ (2,270,462) $ (18,272)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 48,403 12,847
Share-based compensation 571,226 0
Stock issued for services 712,500 0
Loss on derivative 4,631,731 0
Gain on extinguishment of debt (5,236,479) 0
Operating expenses and interest paid through member contributions 75,937 5,425
Changes in operating assets and liabilities:    
Accounts receivable (1,195) 0
Prepaid expenses and other current assets 98,250 0
Accounts payable 116,629 0
Accrued liabilities 227,881 0
Related party payables 339,357 0
Net Cash Used in Operating Activities (686,222) 0
Cash Flows From Investing Activities    
Purchase of property and equipment (914,780) 0
Net Cash Used in Investing Activities (914,780) 0
Cash Flows From Financing Activities    
Proceeds from issuance of common stock for cash 3,031,733 0
Payments on convertible notes payable (173,244) 0
Net Cash Provided by Financing Activities 2,858,489 0
Net Increase in Cash 1,257,487 0
Cash at Beginning of Period 0 0
Cash at End of Period 1,257,487 0
Noncash Investing and Financing Information:    
Payments on note payable through member contributions 8,368 9,159
Operating expenses paid through member contributions 64,346 (4,549)
Purchase of property and equipment through member contributions 833,883 1,800,000
Purchase of property and equipment through related party payables 120,459 0
Debt assumed reducing member contributions 389,997 0
Interest paid through member contributions 11,591 9,974
Net liabilities assumed from issuance of shares in reverse merger 835,938 0
Goodwill from issuance of shares in reverse merger $ 9,245,953 $ 0

Source