ONELIFE TECHNOLOGIES CORP

CIK:0001615942|SEC Filings

Consolidated Statements of Operations - USD ($)	8 Months Ended	12 Months Ended
Consolidated Statements of Operations - USD ($)	Dec. 31, 2017	Dec. 31, 2018	Apr. 30, 2017
Operating Expenses
Amortization expense	$ 66,667	$ 223,750	$ 0
General and administrative	130,577	1,818,026	30,501
Impairment of intangible assets	0	4,975,000	0
Total operating expenses	197,244	7,016,776	30,501
Operating loss	(197,244)	(7,016,776)	(30,501)
Other Income (Expenses)
Interest expense	(24,325)	(817,013)	(3,444)
Fair value of derivative liability in excess of convertible note payable	0	(449,750)	0
Change in fair value of derivative	0	239,980	0
Gain (loss) on extinguishment of debt	(1,141,175)	273,334	0
Gain on forgiveness of debt	0	0	1,531
Foreign exchange loss	(5,179)	0	0
Total Other Income (Expenses)	(1,170,679)	(753,449)	(1,913)
Net Income (Loss) Attributable to Parent	$ (1,367,923)	$ (7,770,225)	$ (32,414)
Loss Per Common Share, Basic and Diluted	$ (0.02)	$ (0.11)	$ (0.00)
Weighted Average Common Shares Outstanding - Basic and Diluted	89,306,769	73,385,288	92,735,340

Consolidated Statements of Cash Flows - USD ($)	8 Months Ended	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2017	Dec. 31, 2018	Apr. 30, 2017
Cash flows from operating activities:
Net loss	$ (1,367,923)	$ (7,770,225)	$ (32,414)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization expense	66,667	223,750	0
Amortization of debt discount	0	680,384	0
Impairment of intangible assets	0	4,975,000	0
Change in fair value of derivative liabilities	0	(239,980)	0
Fair value of derivative liability in excess of note	0	449,750	0
Loss (gain) on extinguishment of debt	1,141,175	(273,334)	0
Gain on forgiveness of debt	0	0	(1,531)
Stock-based compensation	0	1,050,910	0
Changes in operating assets and liabilities:
Amounts receivable - related party	5,000	0	(5,000)
Accounts payable and accrued liabilities	47,888	131,621	2,068
Net cash used in operating activities	(107,193)	(772,124)	(36,877)
Cash flows from investing activities:
Cash acquired from acquisition of OMP/OME	0	0	1,162
.Net cash provided by investing activities	0	0	1,162
Cash flows from financing activities:
Proceeds from convertible debentures	0	925,000	0
Repayment on convertible debentures	0	(150,000)	0
Repayment on convertible debentures - related party	0	(23,500)	0
Proceeds from notes payable	35,729	0	0
Proceeds from loans payable	103,970	74,000	48,027
Repayment on loans payable	0	(2,000)	0
Repayment on loans payable - related party	0	(5,000)	0
Proceeds from related parties' advances	0	86,135	0
Repayments on related parties' advances	(40,644)	(91,500)	0
Net cash provided by financing activities	99,055	813,135	48,027
Increase (decrease) in Cash	(8,138)	41,011	12,312
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	13,048	4,910	736
Cash and Cash Equivalents, at Carrying Value, Ending Balance	4,910	45,921	13,048
Supplemental Disclosures
Interest paid	0	0	0
Income tax paid	0	0	0
Non-cash investing and financing activities:
Derivative discount from conversion features of convertible note	0	599,494	0
Beneficial conversion feature	0	300,000	0
Issuance of shares for acquisition of intangible assets	0	6,625,000	0
Fair value of common share grant and warrants for extinguishment of debt	849,165	0	0
Issuance of shares for common stock issuable	$ 0	$ 438,000	$ 0