Stream Flow Media, Inc.

CIK:0001593470|SEC Filings

Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
Consolidated Statements of Operations - USD ($)	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Expenses:
General and administrative	$ 5,850	$ 3,730	$ 11,878	$ 7,238
Accounting fees	5,150	2,550	8,400	12,050
Consulting fees	80,740	11,900	302,821	15,275
Legal fees	56,256	35,144	96,046	87,704
Stock transfer fees	839	1,865	2,198	2,579
Salaries	25,500		51,000
Total operating expenses	174,335	55,189	472,343	124,936
(Loss) from operations	(174,335)	(55,189)	(472,343)	(124,936)
Other income (expense)
Impairment expense		(644,115)		(644,115)
Gain (loss) on derivative securities	(213,817)		(213,817)
Interest expense	(18,336)	(2,834)	(72,678)	(5,419)
Total other income (expense)	(232,153)	(646,949)	(286,495)	(649,534)
Provision for income taxes
Net (loss)	$ (406,488)	$ (702,138)	$ (758,838)	$ (774,470)
Net loss per common share, basic and diluted	$ (0.02)	$ (0.01)	$ (0.01)	$ (0.01)
Weighted average number of common shares outstanding, basic and diluted	22,794,500	108,033,156	65,421,572	107,927,387

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net (loss)	$ (758,838)	$ (774,470)
Adjustments to reconcile net (loss) to net cash used in operating activities
Issuance of common shares to services	38,900
Issuance of preferred shares for services	180,600
Amortization of debt discount on convertible debt	65,700
Change in fair value of derivative liability	213,817
Imputed interest on related party loan	1,556	5,419
Changes in operating assets and liabilities:
Asset impairment		644,115
Other assets	(24,660)
Increase in accrued payroll	50,000
Increase in accrued interest	5,423
Increase in accounts payable	(2,629)	74,024
Net cash used in operating activities	(229,631)	(50,912)
Cash flows from investing activities:
Purchase of property and equipment		(6,245)
Net cash used by investing activities		(6,245)
Cash flows from financing activities:
Increase in notes payable, related party	60,406
Payments to notes payable, related party	(50,000)	(37,500)
Issuance of convertible debt, net	219,500
Expenses paid by related party		11,200
Issuance of common stock for cash		102,500
Net cash provided by financing activities	229,906	76,200
Net increase (decrease) in cash	275	19,043
Cash-beginning of period
Cash-end of period	275	19,043
Supplemental disclosure of cash flow information:
Issuance of preferred stock in share exchange	90,250
Discount issuances on convertible debt	$ 219,500

Consolidated Balance Sheets - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash	$ 275
Current assets	275	0
Long-term assets:
Security deposits	24,660
Long-term assets	24,660
Total assets	24,935	0
Current liabilities:
Accounts payable	193,548	190,976
Short-term notes payable, related party	60,879	50,473
Convertible debt, net	60,700
Derivative liability	433,317
Accrued payroll	50,500
Accrued interest	5,423
Bank overdraft		203
Total current liabilities	804,367	241,652
Total liabilities	804,367	241,652
Stockholders' (deficit):
Common stock	22,795	112,045
Additional paid-in capital	1,183,698	873,410
Accumulated deficit	(1,985,945)	(1,227,108)
Total stockholders' equity (deficit)	(779,432)	(241,652)
Total liabilities and stockholders' equity	24,935	0
Series A Preferred stock [Member]
Stockholders' (deficit):
Series A Preferred stock	$ 20	$ 1