SWORDFISH FINANCIAL, INC.

CIK:0000078311|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Revenues, Net		$ 669	$ 19,354	$ 3,756
Cost of Sales		498	14,315	935
Gross Profit		171	5,039	2,821
Expenses
General and Administrative	40,832	756,232	557,608	4,869,969
Loss Before Other Income and (Expense)	(40,832)	(756,061)	(552,569)	(4,867,148)
Other Income and (Expense)
Change in Fair Value of Derivative	486,175	24,060	286,415	30,982
Loss on Extinguishment of Debt			(390,254)
Write Off Of Liabilities
Interest Expense	(62,466)	(7,333)	(572,822)	(62,705)
Total Other Income and (Expense), Net	423,709	16,727	(676,661)	(31,723)
Income (Loss) from Operations Before
Provision for Taxes and Loss from Discontinued Operations	382,877	(739,334)	(1,229,230)	(4,898,871)
Provision for Taxes
Net Income (Loss) Before Discontinued Operations	382,877	(739,334)	(1,229,230)	(4,898,871)
Loss on Discontinued Operations			(2,625,197)
Net Income (Loss) for the Period	$ 382,877	$ (739,334)	$ (3,854,427)	$ (4,898,871)
Weighted Average Number of Common Shares Outstanding
Basic and Diluted (in shares)	3,168,490	148,636	2,970,222	133,276
Net Loss Per Common Share - Basic & Diluted:
Continuing Operations (in dollars per share)	$ 0.12	$ (4.97)	$ (0.41)	$ (36.76)
Discontinued Operations (in dollars per share)	$ 0	$ 0	$ (1.3)	$ 0

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash Flows from Operating Activities
Net Loss for the Period	$ (3,854,427)	$ (4,898,871)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:
Amortization of Debt Discount	213,393	36,667
Loss on Extinguishment of Debt	390,254
Change in Fair Value of Derivative	(286,415)	(30,982)
Common Stock Issued for Services	111,000	4,265,178
Common Stock Issued for Commitment Fee	62,344
Loss on Discontinued Operations	2,625,197
Excess Fair Value of Derivatives	311,036
Changes in Assets and Liabilities:
Prepaid Expenses	(13,268)
Customer Deposit	23,085
Accounts Payable	35,510
Accrued Expenses	183,907	(145,778)
Other Assets		(10,000)
Net Cash Flows Used In Operating Activities	(198,384)	(248,770)
Cash Flows From Investing Activities
Cash Released in Spin-off of Discontinued Operations	(122,830)
Net Cash Flows Provided by Investing Activities	(122,830)
Cash Flows From Financing Activities
Bank Overdraft	4,793
Proceeds from Notes Payable - Related Parties, net		211,831
Cash Proceed Received from Convertible Notes Payable, net	193,500	44,000
Net Cash Flows Provided by Financing Activities	198,293	255,831
Net Change in Cash and Cash Equivalents	(122,921)	7,061
Cash and Cash Equivalents - Beginning of Period	92	41
Cash and Cash Equivalents - End of Period	0	7,102
Cash Paid During the Period for:
Interest
Income Taxes
SUPPLEMENTAL DISCOLSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Derivative Liability Reclassified to APIC	489,725
Estimated Fair Value of Debt Discount	189,484
Common Stock Issued Upon the Conversion of Notes Payable	83,299
Common Stock Issued for Prepaid Services		10,000
Common Stock Exchanged for Debt		$ 1,333

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Current Assets
Cash and Cash Equivalents	$ 0	$ 92
Prepaid Expenses	13,268
Current Assets of Discontinued Operations		391,566
Total Current Assets	13,268	391,658
Noncurrent Assets of Discontinued Operations		3,454,787
Total Assets	13,268	3,846,445
Current Liabilities
Bank Overdraft	4,793
Notes Payable - Current Portion	441,421	441,421
Notes Payable - Related Parties	1,258,187	1,258,187
Accounts Payable	1,316,333	1,283,324
Customer Deposit	23,085
Accrued Expenses	3,135,543	2,949,934
Judgements Payable	1,147,203	1,147,203
Stock Payable		5,000
Convertible Debt - Net of Discounts	628,369	486,460
Derivative Liability	755,905	641,271
Current Liabilities of Discontinued Operations		1,652,316
Total Current Liabilities	8,710,839	9,865,116
Other Liabilities
Non Current Portion of Discontinued Operations		80,808
Total Liabilities	8,710,839	9,945,924
Stockholders' Deficit
Common Stock - $.0001 Par; 20,000,000,000 Shares Authorized, 3,168,490 and 2,125,393 Issued and Outstanding, Respectively	317	106,270
Preferred Stock, value	2,500	2,500
Additional Paid-In-Capital	14,852,830	14,445,510
Accumulated Deficit	(23,554,297)	(20,654,838)
Total Stockholders' Deficit	(8,697,571)	(6,099,479)
Total Liabilities and Stockholders' Deficit	13,268	3,846,445
Preferred Class B [Member]
Stockholders' Deficit
Preferred Stock, value	910	910
Preferred Class C [Member]
Stockholders' Deficit
Preferred Stock, value	$ 169	$ 169