• Filing Date: 2018-11-13
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
9 Months Ended
Sep. 30, 2018
Supplemental Disclosures Of Cash Flow Information  
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

Supplemental disclosures of cash flow information for the nine months ended September 30, 2018 and 2017 was as follows:

 

    For the Nine Months Ended  
    2018     2017  
Cash paid for interest   $ 393,689     $ 33,429  
Cash paid for taxes   $ -     $ -  
                 
Common stock issued in connection with note payable   $ 126,001     $ -  
Warrants issued in connection with issuance of Series A Preferred Stock   $ -     $ 67,491  
                 
Business Combinations/Asset Acquisitions:                
Current Assets   $ -     $ 1,044,893  
Property and equipment, net   $ 31,824     $ 268,398  
Intangible assets   $ 386,001     $ 2,498,737  
Goodwill   $ -     $ 1,960,328  
Other non-current assets   $ -     $ 1,962,140  
Assumed liabilities   $ -     $ (1,258,905 )
Deferred revenue   $ -     $ (22,493 )
Other non-current liabilities   $ -     $ (16,584 )
Issuance of common stock   $ (163,332 )   $ (7,055,179 )
Notes payable   $ (31,824 )   $ (907,407 )
Issuance of common stock warrants   $ (123,472 )   $ -  

 

On April 7, 2017, Novume paid cash dividends of $75,694 to shareholders of record of Series A Preferred Stock as of March 30, 2017. On July 8, 2017, October 7, 2017, January 5, 2018, April 6, 2018 and July 9, 2018, the Company paid cash dividends of $87,907 to shareholders of record of Series A Preferred Stock as of the end of the previous month. On January 5, 2018, April 6, 2018 and July 9, 2018, the Company paid cash dividends of $27,001 to shareholders of record of Series B Preferred Stock as of the end of the previous month. On September 30, 2018, the Company accrued dividends of $87,907 to Series A Preferred Stock shareholders of record as of September 30, 2018. On September 30, 2018, the Company accrued dividends of $27,001 to Series B Preferred Stock shareholders of record as of September 30, 2018.