Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (866,843) $ (1,668,483)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation expense 15,619 11,561
Amortization expense 10,750 10,750
Impairment movement (1,643)
Derivative liability movements (542,525) (2,531,332)
Amortization of debt discount 541,612 1,143,583
Loss on conversion of debt to equity 367,704 2,477,791
Profit on disposal of kiosks (1,645)
Convertible debt issued for services 4,423 100,724
Non-cash operating lease liability movements 101
Changes in Assets and Liabilities    
Accounts receivable 4,274 33,040
Inventory 5,886
Recoverable IVA taxes and credits (19,400) (41,083)
Other current assets 125,851 (16,453)
Other assets (2,006) (3,586)
Accounts payable and accrued expenses 63,274 (33,257)
IVA and other taxes payable 7,223 8,415
Advances from customers (43,243) 91,492
Interest accruals 82,065 102,203
CASH USED IN OPERATING ACTIVITIES (254,409) (308,749)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds on disposal of property and equipment 4,166
Purchase of property and equipment (1,800)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 4,166 (1,800)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from loans payable 60,000 155,500
Proceeds from convertible debt 192,000 346,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 252,000 501,500
Effect of exchange rate changes on cash and cash equivalents (914) (155,954)
NET INCREASE IN CASH 843 34,997
CASH AT BEGINNING OF PERIOD 71,294 19,028
CASH AT END OF PERIOD 72,137 54,025
CASH PAID FOR INTEREST AND TAXES:    
Cash paid for income taxes
Cash paid for interest 61,007
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Conversion of convertible debt to equity $ 677,963 $ 4,256,313