Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

v3.19.1
Consolidated Statements Of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities:    
Net loss for the period $ (7,109,000)  
Adjustments to reconcile net loss to net cash used in operating activities:    
(Gain) loss on discontinued operations 1,000  
Loss on write-down of assets (575,000)  
Depreciation and amortization 115,000  
Compensation expense recorded upon sale of common stock  
Common stock issued for employee compensation 673,000  
Common stock issued for professional fees 1,968,000  
Vesting of options and warrants granted for services 1,031,000  
Gain on cancellation of common stock 118,000  
Vesting of shares of common stock issued for services  
Amortization of debt discounts on convertible notes payable 241,000  
Unrealized loss on trading securities (44,000)  
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivables 58,000  
Decrease in other receivables  
(Increase) decrease in prepaid expenses (14,000)  
(Increase) decrease in other assets (10,000)  
Increase in accounts payable and accrued liabilities 663,000  
Increase in accrued interest on short-term advances - related party 6,000  
Increase in accrued interest on line of credit - related party 61,000  
Increase in accrued interest and liquidated damages on convertible notes payable 54,000  
Net Cash Used in Operating Activities from Continuing Operations (1,831,000)  
Net Cash Provided by (Used in) Operating Activities from Discontinued Operations 1,000  
Net Cash Used in Operating Activities (1,830,000)  
Cash Flows From Investing Activities:    
Purchase of licensing rights 50,000  
Net Cash Used in Investing Activities (50,000)  
Cash Flows From Financing Activities:    
Proceeds from sale of common stock 905,000  
Proceeds from short-term advances - related party 313,000  
Proceeds from line of credit - related party 200,000  
Proceeds from convertible notes payable 400,000  
Net Cash Provided by Financing Activities 1,818,000  
Net decrease in Cash (62,000)  
Cash and cash equivalents at beginning of period 86,000  
Cash and cash equivalents at end of period 24,000 $ 86,000
Supplemental Disclosure of Interest and Income Taxes Paid:    
Interest paid during the year 6,000  
Income taxes paid during the year  
Supplemental Disclosure of Non-cash Investing and Financing Activities:    
Common stock issued and options granted for litigation settlement 1,983,000  
Debt discounts on convertible notes payable 263,000  
Common stock issued and options granted for game acquisition  
Reclassification of other assets to capitalized licensing rights  
Restated [Member]    
Cash Flows From Operating Activities:    
Net loss for the period   (15,775,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
(Gain) loss on discontinued operations   (132,000)
Loss on write-down of assets   (5,381,000)
Depreciation and amortization   105,000
Compensation expense recorded upon sale of common stock   210,000
Common stock issued for employee compensation   1,109,000
Common stock issued for professional fees   3,758,000
Vesting of options and warrants granted for services   737,000
Gain on cancellation of common stock  
Vesting of shares of common stock issued for services   46,000
Amortization of debt discounts on convertible notes payable  
Unrealized loss on trading securities   (11,000)
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivables   (27,000)
Decrease in other receivables   (100,000)
(Increase) decrease in prepaid expenses   10,000
(Increase) decrease in other assets   10,000
Increase in accounts payable and accrued liabilities   152,000
Increase in accrued interest on short-term advances - related party  
Increase in accrued interest on line of credit - related party   7,000
Increase in accrued interest and liquidated damages on convertible notes payable  
Net Cash Used in Operating Activities from Continuing Operations   (4,020,000)
Net Cash Provided by (Used in) Operating Activities from Discontinued Operations   (98,000)
Net Cash Used in Operating Activities   (4,118,000)
Cash Flows From Investing Activities:    
Purchase of licensing rights   100,000
Net Cash Used in Investing Activities   (100,000)
Cash Flows From Financing Activities:    
Proceeds from sale of common stock   300,000
Proceeds from short-term advances - related party  
Proceeds from line of credit - related party   800,000
Proceeds from convertible notes payable  
Net Cash Provided by Financing Activities   1,100,000
Net decrease in Cash   (3,118,000)
Cash and cash equivalents at beginning of period $ 86,000 3,204,000
Cash and cash equivalents at end of period   86,000
Supplemental Disclosure of Interest and Income Taxes Paid:    
Interest paid during the year  
Income taxes paid during the year  
Supplemental Disclosure of Non-cash Investing and Financing Activities:    
Common stock issued and options granted for litigation settlement  
Debt discounts on convertible notes payable  
Common stock issued and options granted for game acquisition   5,652,000
Reclassification of other assets to capitalized licensing rights   $ 100,000