v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash Flow from Operating Activities    
Net (loss) income attributable to Edison Nation, Inc. $ (5,330,126) $ 1,533,431
Net loss attributable to noncontrolling interests (13,891) 0
Net (loss) income (5,344,017) 1,533,431
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 487,878 188,283
Amortization of financing costs 300,277 0
Stock-based compensation 3,386,493 0
Deferred taxes (33,868) 28,399
Changes in assets and liabilities:    
Accounts receivable 590 68,469
Inventory 59,309 (75,550)
Prepaid expenses and other current assets (353,440) 693
Accounts payable (1,408,184) 291,615
Accrued expenses and other current liabilities 636,881 23,347
Due from related party (507,922) (967,301)
Net cash (used in) provided by operating activities (2,776,003) 1,091,386
Cash Flows from Investing Activities    
Purchases of property and equipment (141,440) (39,151)
Acquisitions, net of cash (772,581)  
Purchase of loan held for investment (500,000) 0
Net cash used in investing activities (1,414,021) (39,151)
Cash Flows from Financing Activities    
Borrowings under line of credit 531,804 0
Borrowings under long-term debt 718,559  
Repayments under long-term debt (648,299) 0
Repayments under long-term debt – related parties (132,309) 0
Net proceeds from sale of common stock 5,315,176 0
Fees paid for financing costs (99,444) 0
Dividends paid 0 (3,029,720)
Net cash provided by (used in) financing activities 5,685,487 (3,029,720)
Net increase (decrease) in cash and cash equivalents 1,495,463 (1,977,485)
Cash and cash equivalents - beginning of year 557,268 2,534,753
Cash and cash equivalents - end of year 2,052,731 557,268
Supplemental Disclosures of Cash Flow Information    
Cash paid during the period for: Interest 103,865 0
Cash paid during the period for: Income taxes 265,015 64,465
Shares issued to note holders 167,500 0
Shares issued for the acquisition 3,384,285 0
Shares reserved in exchange for the cancellation of certain non-voting membership interests related to acquisition of Edison Nation Holdings, LLC 6,014,250 0
Borrowings under note payable for the purchase of property and equipment 73,559 0
Issuance of 4%, 5 year senior convertible notes for the acquisition of Edison Nation Holdings, LLC, net of debt discount for conversion feature 1,428,161 0
Cloud B Inc [Member]    
Cash Flow from Operating Activities    
Net (loss) income 44,408  
Supplemental Disclosures of Cash Flow Information    
Shares issued for the acquisition 2,664,200 0
Earnout for acquisition of Cloud B, Inc. 520,000 0
Satisfaction of due from related party for acquisition 0  
Deemed distribution to shareholder for acquisitions 0  
Best Party Concepts, LLC [Member]    
Supplemental Disclosures of Cash Flow Information    
Satisfaction of due from related party for acquisition 500,000 0
Deemed distribution to shareholder for acquisitions 692,533 0
Pirasta, LLC [Member]    
Supplemental Disclosures of Cash Flow Information    
Satisfaction of due from related party for acquisition 470,000 0
Deemed distribution to shareholder for acquisitions $ 188,552 $ 0

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