Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flow from operating activities:    
Net income (loss) $ (47,119) $ 103,116
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expenses 524,170 80,279
Non-cash professional expenses 71,867 108,042
Bad debt expense (81,761)
Non cash write off of acquisition deposits 50,000
(Increase) decrease in assets:    
Accounts receivable, net (86,097) (2,247)
Other current assets 16,762 1,025
Deposits (4,948) 8,662
(Decrease) increase in liabilities:    
Accounts payable and accrued expenses 5,909 115,845
Related party accrued interest 3,772
Deferred tax assets and liabilities, net 17,188
Net cash provided by operating activities 547,732 336,733
Cash flows from investing activities:    
Acquisition of business (230,000)
Purchases of property and equipment (160,340) (19,095)
Purchases of intangible assets (24,272)
Net cash used in investing activities (390,340) (43,367)
Cash flows from financing activities:    
Payments on long term debt (108,502)
Payments on loan from shareholder (51,790)
Payments on capital lease obligation (16,279) (10,166)
Payments on related party payables (25,000)
Payments on short term acquisition note (75,000)
Net cash provided by (used in) financing activities (224,781) (61,956)
Net increase (decrease) in cash (67,389) 231,410
Cash, beginning of period 344,365 108,642
Cash, end of period 276,976 340,052
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest 36,037 15,903
Cash paid during the year for income taxes
Supplemental schedule of non-cash activities:    
Issuances of shares subscribed 3,150,000
Short term acquisition note paid on behalf of Company by a related party 250,000
Settlement of amounts due to related party for common stock subscribed 362,154
Conversion of shareholder debt to 10% cumulative preferred stock 2,000,000
Conversion of shareholder debt to non-interest bearing accrued short term payable (remaining difference from Preferred Conversion of Shareholder Debt) 17,301
Preferred stock dividends accrued, not paid 100,000
Conversion of related party payable to restricted common stock 592,829
Issuance of shares for professional services, partially prepaid 39,450 2,600
Issuance of shares subscribed for professional services, partially prepaid 13,150
Issuances of shares subscribed for deposits on landfill 150,000
Issuances of shares subscribed for professional services $ 111,642