Friendable Inc (FDBL)

[crazyjogger925]

the bros had a banner year in 2016 as far as the money coming in so they could not help themselves-forgave debt.imo

"Financing activities for the year ended December 31, 2016 generated cash of $3,496,442 as compared to generating $1,331,170 of cash for the year ended December 31, 2015. This increase in cash provided from financing activities is mostly attributed to the Company and its current lenders desire to fund certain transactions related to the Company’s celebrity marketing activities, general awareness and strategic investment in Hang With, Inc. "




"During the year ended December 31, 2016, two officers forgave debt totaling $200,000 and a company controlled by two officers of the Company forgave debt totaling $300,000. The debt forgiveness was considered a capital transaction and therefore $500,000 was recorded as an increase in additional paid-in capital as of December 31, 2016" .