Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (12,695,933) $ (1,883,477)
Adjustments to reconcile net loss to net cash used in operating activities    
Accretion of asset retirement obligations 9,118
Amortization of deferred financing costs 6,237
Amortization of debt discount 16,425 210,000
Amortization of intangible assets 244,542
Issuance of short term notes payable 747,406
Warrants issued with note payable 37,109
Depletion, accretion, depreciation and amortization 27,670 78,234
Share-based compensation 108,350 236,221
Change in operating assets and liabilities:    
Accounts receivable (97,956) 6,624
Accounts receivable - affiliate (70,272)
Inventory (6,964)
Prepaid & other current assets 19,189 (145)
Accounts payable 50,966 151,736
Accrued liabilities - related parties (255,441)
Accrued and other short term liabilities (14,014) (7,422)
Accrued interest on short term notes payable - affiliate 122,200 50,000
Net cash used in operating activities (11,441,009) (1,468,587)
CASH FLOWS FROM INVESTING ACTIVITIES    
Revisions of furniture and fixtures 3,261
Acquisition of Pro-Tech, net of cash acquired (832,039)  
Net cash provided by (used in) investing activities (832,039) 3,261
CASH FLOWS FROM FINANCING ACTIVITIES    
Non-controlling interest contributions 1,170,000
Debt financing proceeds - affiliate 1,222,000 820,000
Principal payments of debt financing (570,500)
Contributions - affiliate (190,000)
Conversion of preferred stock 244,997
Redemption of preferred stock (253,868)
Net cash provided by financing activities 1,023,129 1,419,500
Net change in cash and cash equivalents (11,249,918) (45,826)
Beginning cash and cash equivalents 24,383 56,456
Ending cash and cash equivalents (11,225,535) 10,630
Cash paid for:    
Interest 13,250 20,469
Non-cash investing and financing activities:    
Accrued interest and amortization of debt discount 122,061 274,264
Revisions to depreciation 4,864
Intangible Assets $ 172,519 $ 17,630,000