Victory Marine Holdings Corp (VMHG)

[ALERTS100%to10000%GAIN]

Victory Marine Holdings Corp & Subsidiary
CONSOLIDATED STATEMENTS OF CASH FLOWS
For The Six Months Ended June 30, 2019 and 2018
(Unaudited)
2019 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period $ 84,741 $ (702,266)
Adjustments to reconcile net loss to net cash provided
Derivative Liabilities Expense 476,063
Amortization for debt discount 155,402
Loss from extinguish of debt
Issuance of common stock for debt conversion 2,317
By operating activities:
Convertible notes issued for services rendered 60,000
Changes in operating assets and liabilities:
Increase/ (decrease) in customer deposits
Increase/ (decrease) in accounts payable 11,250
Increase/ (decrease) in accrued expenses-related party 59,147 36,708
Increase/ (decrease) in accrued interest payable 23,838 16,292
Net cash used in operating activities 170,043 55,449
Net cash provided by (used in) investing activities - -
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from convertible notes payable 25,000
Proceeds from common stock sales 52,000 -
Net cash provided by (used in) financing activities 52,000 25,000
Net increase (decrease) in cash and cash equivalents 222,043 80,449
Cash and cash equivalents - beginning of period 3,641 195
Cash and cash equivalents - end of period $ 225,684 $ 80644
Interest Paid - -
Income Taxes Paid -