v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (9,615,614) $ (4,806,253)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Depreciation and amortization 1,627,682 1,594,673
Amortization of operating lease assets 1,330,137
Asset impairment charges 4,007,050 1,731,267
Write-off investment in HOA 435,000
Common stock and warrants issued for services 24,507 129,767
Stock based compensation 118,120
(Gain) loss on investments (11,142) 45,932
Gain on tax settlements (265,996)
Amortization of debt discount and discount on preferred stock 26,087 893,873
Change in assets and liabilities:    
Accounts and other receivables 104,357 114,007
Prepaid and other assets (177,591) 2,767
Inventory 17,389 72,802
Accounts payable and accrued liabilities 1,012,935 1,346,910
Change in amounts payable to related parties (185,726) (624)
Deferred income taxes 43,150 (779,359)
Operating lease liabilities (1,348,376)
Deferred revenue (191,018) (22,130)
Deferred rent (54,307)
Net cash flows from operating activities (3,049,049) 269,325
Cash flows from investing activities:    
Purchase of property and equipment (476,082) (1,698,747)
Proceeds from tenant improvement allowances 335,075
Cash paid for acquisitions (30,000)
Proceeds from rights offering, net 2,694,530  
Proceeds from sale of assets 173,977
Net cash flows from investing activities 2,727,500 (1,728,747)
Cash flows from financing activities:    
Proceeds from sale of common stock and warrants 1,687,184
Loan proceeds 386,051
Loan repayments (547,036) (270,579)
Distributions to non-controlling interest (61,186) (101,163)
Contributions from non-controlling interest 575,000 800,000
Net cash flows from financing activities 352,829 2,115,442
Effect of exchange rate changes on cash (2,666) 3,091
Net increase (decrease) in cash and restricted cash, including cash classified within assets held for sale 28,614 659,111
Less: Net increase in cash and restricted cash classified within assets held for sale (21,193)
Net increase (decrease) in cash and restricted cash 7,421 659,111
Cash and restricted cash, beginning of period 630,206 438,493
Cash and restricted cash, end of period 637,627 1,097,604
Cash paid for interest and income taxes:    
Interest 515,568 407,573
Income taxes 97,734 88,748
Non-cash investing and financing activities:    
Convertible debt settled through issuance of common stock 200,000
Convertible debt and notes payable settled through subscriptions in the rights offering 3,075,000
Preferred stock dividends paid through issuance of common stock $ 57,624 $ 57,933

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