Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

v3.5.0.2
Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net (loss) $ (1,215,334) $ (7,219,541)
Net loss attributed to noncontrolling interest (631,569) (201,750)
Adjustments to reconcile net (loss) to net cash provided by operating activities    
Loss on extinguishment of Debt 19,078
Stock and warrants issued for acqusition 6,524,054
Amortization of intangible asset 366,667 20,000
Realized gain on trading securities (5,404)
Unrealized loss on trading securities 3,838 10,355
Unrealized gain on trading securities (480) (343)
Equity compensation 45,946 35,999
Accounts receivable (473,415) (50,078)
Other current assets 3,857 (500)
Prepaid expense (19,725)
Due from third party (77,500)
Deposits (18,500)
Acounts payable and accrued expenses 59,737 507,056
Accounts payable related party 700,761 (300,650)
Other payable 5,000 225,000
Net cash (used in) operating activities: (392,881) (455,224)
Proceeds from sales of trading securities 23,004
Notes receivables issued to third party (456,316)
Purchase of website (400,000)
Purchase of fixed assets (3,048,776) (2,666)
Net cash provided by investing activities: (3,505,092) (379,662)
Proceeds from note payable 1,200,000 2,050,000
Dividend paid to investors (8,868)  
Proceeds from related party 378,964 (235,384)
Proceeds from Mia Dev Class A shares 1,500,469
Net cash provided by financing activities 3,070,565 1,814,616
Net (decrease) in cash and cash equivalents (827,408) 979,730
Cash and cash equivalents beginning of period 988,268 8,538
Cash and cash equivalents end of period 160,859 988,268
Non-cash financing activities:    
Common stock issued for accrued expenses 22,375 10,750
Cash paid during the period for:    
Interest
Income taxes
Non-cash Activities    
Converting related party liabilities to Equity 300,000
Issuance common stock to repay accounts payables $ 24,932
Aquisition of Sigal LLC    
Issurance of common stock 5,911,534
Issuance of option $ 569,682
Assuming of liabilitie 1,832,020
Intangible asset (391,111)
Other asset (162,997)
Goodwill (6,515,990)
Non-controllling interest (32,448)
Cash Acquired $ 1,210,690