v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flow from Operating Activities    
Net loss attributable to Edison Nation, Inc. $ (1,435,290) $ (1,577,305)
Net income attributable to noncontrolling interests 56,893 0
Net loss (1,378,397) (1,577,305)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 301,383 39,631
Amortization of financing costs 56,022 37,579
Stock-based compensation 362,419 1,721,250
Amortization of right of use asset 77,704 0
Changes in assets and liabilities:    
Accounts receivable (776,057) (448,512)
Inventory (437,635) 16,485
Prepaid expenses and other current assets (1,004,133) (17,332)
Accounts payable 840,943 491,236
Accrued expenses and other current liabilities 381,714 104,541
Operating lease liabilities (73,473) 0
Due from related party (42,686) (127,689)
Net cash (used in) provided by operating activities (1,692,196) 239,884
Cash Flows from Investing Activities    
Purchases of property and equipment (72,955) (16,403)
Net cash used in investing activities (72,955) (16,403)
Cash Flows from Financing Activities    
Borrowings under long-term debt 500,000 645,000
Repayments under line of credit (15,035) 0
Repayments under long-term debt (3,336) (44,444)
Repayments under long-term debt – related parties (27,263) (28,243)
Fees paid for financing costs (22,500) (205,560)
Net cash provided by financing activities 431,866 366,753
Net increase (decrease) in cash and cash equivalents (1,333,285) 590,234
Cash and cash equivalents - beginning of period 2,052,731 557,268
Cash and cash equivalents - end of period 719,446 1,147,502
Supplemental Disclosures of Cash Flow Information    
Cash paid during the period for: Interest 52,640 34,757
Cash paid during the period for: Income taxes 235,275 0
Noncash investing and financing activity:    
Shares issued to note holders $ 74,100 $ 0

Source