v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net loss for the period $ (1,075,119) $ (478,992)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Depreciation expense 86,469 866
Loss on disposition of fixed assets 14,637 0
Amortization expense 176,248 0
Stock option expense 54,891 0
(Increase) Decrease in    
Accounts receivable 836,023 (65,755)
Inventory (2,063,410) (12,502)
Prepaid expenses 53,297 (2,030)
Changes in working capital: Increase (Decrease) in    
Accounts payable 997,306 (4,668)
Accounts payable - related party 1,783,338 244,488
Accounts payable - growers (646,344) 0
Accrued income taxes 0 (17,036)
Net cash provided by /(used in) operating activities 217,336 (335,629)
Cash flows from investing activities    
Cash acquired from acquisition of business 22,994 0
Purchase of fixed assets (354,762) (10,395)
Deposits on lease (3,000) 0
Net cash used in investing activities (334,768) (10,395)
Cash flows from financing activities    
Cash paid on notes payable to controlling stockholder, net 0 (172,307)
Payment for capital leases (1,457) 0
Payment of notes payable (1,475)  
Proceeds from sale of common stock 0 644,600
Net cash (used in) provided by financing activities (2,932) 472,293
(Decrease) increase in cash (120,364) 126,269
Cash at beginning of period 342,534 151
Cash at end of period 222,170 126,420
Supplemental disclosure of interest and income taxes paid    
Interest paid for the period 17,752 1,675
Income taxes paid for the period 0 0
Non-cash investing and financing activities    
Issuance of note payable for property, plant and equipment 0 8,761
Common stock and warrants issued for acquisition of business 4,256,000 0
Common stock issued for conversion of note payable $ 75,000 $ 0

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