v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flow from Operating Activities    
Net loss attributable to Edison Nation, Inc. $ (3,170,707) $ (2,303,966)
Net income attributable to noncontrolling interests 17,245 0
Net loss (3,153,462) (2,303,966)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 633,570 79,262
Amortization of financing costs 391,223 266,944
Stock-based compensation 708,490 2,027,250
Amortization of right of use asset 155,408 0
Changes in assets and liabilities:    
Accounts receivable (1,215,155) (224,266)
Inventory (336,544) 12,431
Prepaid expenses and other current assets (561,331) (1,118,270)
Accounts payable 1,191,252 148,709
Accrued expenses and other current liabilities 480,928 248,473
Repayment of operating lease liabilities (144,132) 0
Due from related party (65,600) (416,062)
Net cash used in operating activities (1,915,353) (1,279,495)
Cash Flows from Investing Activities    
Purchases of property and equipment (106,770) (27,462)
Purchase of loan held for investment   (500,000)
Net cash used in investing activities (106,770) (527,462)
Cash Flows from Financing Activities    
Borrowings under lines of credit 240,000 0
Borrowings under convertible notes payable 1,111,111 0
Borrowings under notes payable 1,110,000 645,000
Repayments under notes payable (566,710) (645,000)
Repayments under lines of credit (31,542) 0
Repayments under notes payable - related parties (40,997) (78,593)
Net proceeds from sale of common stock   5,358,570
Fees paid for financing costs (427,411) (99,444)
Net cash provided by financing activities 1,394,451 5,180,533
Net (decrease) increase in cash and cash equivalents (627,672) 3,373,576
Cash and cash equivalents - beginning of period 2,052,731 557,268
Cash and cash equivalents - end of period 1,425,059 3,930,844
Supplemental Disclosures of Cash Flow Information    
Cash paid during the period for: Interest 74,908 34,757
Cash paid during the period for: Income taxes   0
Noncash investing and financing activity:    
Shares issued to note holders $ 173,300 $ 67,500

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