Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows (Unaudited)

v2.4.1.9
Condensed Consolidated Statements Of Cash Flows (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash Flows From Operating Activities:    
Net income (loss) for the period $ (3,334,049)us-gaap_NetIncomeLoss $ 7,235,409us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 18,702us-gaap_DepreciationAndAmortization 18,066us-gaap_DepreciationAndAmortization
Non-cash interest on notes payable, related parties    146,208us-gaap_PaidInKindInterest
Common stock issuable for employee compensation 803,875us-gaap_ShareBasedCompensation   
Common stock issued for professional fees 891,458us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims   
Unrealized (gain) loss on trading securities 1,122,546us-gaap_TradingSecuritiesUnrealizedHoldingGainLoss (1,684,865)us-gaap_TradingSecuritiesUnrealizedHoldingGainLoss
(Gain) loss on sale of marketable securities 298,122us-gaap_MarketableSecuritiesGainLoss (5,819,432)us-gaap_MarketableSecuritiesGainLoss
Increase in receivables (74,284)us-gaap_IncreaseDecreaseInReceivables (1,394)us-gaap_IncreaseDecreaseInReceivables
(Increase) decrease in prepaid expense and other current assets 1,465us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (37,500)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Increase in accounts payable and accrued liabilities 65,430us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 25,178us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Decrease in related party accounts payable (262,695)us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties   
Net Cash Used in Operating Activities (469,430)us-gaap_NetCashProvidedByUsedInOperatingActivities (118,330)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows From Investing Activities:    
Purchases of trading securities    (1,360,752)us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment
Purchases of available-for-sale securities    (500,000)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Proceeds from sale of trading securities 747,489us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment 8,176,418us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
Purchase of property and equipment (20,173)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment   
Purchase of domain name (20,202)us-gaap_PaymentsToAcquireIntangibleAssets   
Net Cash Provided by Investing Activities 707,114us-gaap_NetCashProvidedByUsedInInvestingActivities 6,315,666us-gaap_NetCashProvidedByUsedInInvestingActivities
Net Cash Provided by Financing Activities      
Increase in cash and cash equivalents 237,684us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 6,197,336us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 6,994,180us-gaap_CashAndCashEquivalentsAtCarryingValue 1,628,529us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 7,231,864us-gaap_CashAndCashEquivalentsAtCarryingValue 7,825,865us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Disclosure of Interest and Income Taxes Paid:    
Interest paid during the period      
Income taxes paid during the period      
Supplemental Disclosure of Non-cash Investing and Financing Activities:    
Common stock issued for acquisiton of Franklin Networks, Inc. 1,700,000us-gaap_StockIssued1   
Unrealized gain on available-for-sale securities   $ 1,701,712us-gaap_AvailableForSaleEquitySecuritiesGrossUnrealizedGain