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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flow from Operating Activities    
Net loss attributable to Edison Nation, Inc. $ (5,752,808) $ (3,983,272)
Net loss attributable to noncontrolling interests (31,858) 0
Net loss (5,784,666) (3,983,272)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 952,019 120,004
Amortization of financing costs 658,126 266,944
Stock-based compensation 876,585 2,666,576
Amortization of right of use asset 217,189 0
Change in fair value of put option contract 0 732,600
Changes in assets and liabilities:    
Accounts receivable (12,355) (1,402,277)
Inventory (182,370) 39,974
Prepaid expenses and other current assets (667,836) (1,011,586)
Accounts payable 1,413,425 55,194
Accrued expenses and other current liabilities 549,072 780,564
Repayment of operating lease liabilities (199,589) 0
Due from related party (117,786) (472,352)
Net cash used in operating activities (2,298,186) (2,207,631)
Cash Flows from Investing Activities    
Purchases of property and equipment (113,612) (121,186)
Acquisition of Edison Nation Holdings, LLC and Subsidiaries, net of cash received 0 (881,318)
Purchase of loan held for investment 0 (500,000)
Net cash used in investing activities (113,612) (1,502,504)
Cash Flows from Financing Activities    
Borrowings under lines of credit 249,370 0
Borrowings under convertible notes payable 1,111,111 0
Borrowings under notes payable 1,670,000 718,559
Repayments under lines of credit (340,766) 0
Repayments under notes payable (570,587) (645,000)
Repayments under notes payable - related parties (82,612) (118,779)
Net proceeds from sale of common stock 0 5,358,570
Fees paid for financing costs (463,146) (99,444)
Net cash provided by financing activities 1,573,370 5,213,906
Net (decrease) increase in cash and cash equivalents (838,428) 1,503,771
Cash and cash equivalents - beginning of period 2,052,731 557,268
Cash and cash equivalents - end of period 1,214,303 2,061,039
Supplemental Disclosures of Cash Flow Information    
Cash paid during the period for: Interest 145,324 93,044
Cash paid during the period for: Income taxes 0 0
Noncash investing and financing activity:    
Shares issued to note holders 309,780 167,500
Shares issued for the acquisition 0 3,760,317
Shares reserved in exchange for the cancellation of certain non-voting membership interests related to acquisition of Edison Nation Holdings, LLC 0 6,682,500
Borrowings under note payable for the purchase of property and equipment 0 73,559
Issuance of 4%, 5 year senior convertible notes for the acquisition of Edison Nation Holdings, LLC $ 0 $ 1,428,161

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