| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net (loss) income | ||||||
-24,651,357 | -347,357 | 0 | 0 | 0 | ||
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | ||||||
Depreciation and amortization | ||||||
0 | - | - | - | 0 | ||
Equity-based compensation expense | ||||||
0 | - | - | - | 0 | ||
Loss (gain) on sale of property and equipment | ||||||
0 | - | - | - | 0 | ||
Write-off of deferred financing costs related to debt extinguishment | ||||||
0 | - | - | - | 0 | ||
Amortization of deferred financing costs | ||||||
0 | - | - | - | 0 | ||
Provision for bad debts | ||||||
0 | - | - | - | 0 | ||
Changes in assets & liabilities: | ||||||
Decrease in accounts receivable and unbilled receivable | ||||||
0 | - | - | - | 0 | ||
Decrease in prepaid expenses | ||||||
0 | - | - | - | 0 | ||
Decrease in other current assets | ||||||
0 | - | - | - | 0 | ||
(Decrease) in trade accounts payable | ||||||
0 | - | - | - | 0 | ||
(Decrease) in accrued liabilities | ||||||
0 | - | - | - | 0 | ||
(Decrease) in other current and long-term liabilities | ||||||
0 | - | - | - | 0 | ||
(Increase) in other long-term assets | ||||||
0 | - | - | - | 0 | ||
Net cash (used) provided by operating activities | ||||||
-14,550,345 | -1,390,345 | 0 | 0 | 0 | ||
Cash flows from investing activities: | ||||||
Purchases of property and equipment | ||||||
0 | - | - | - | 0 | ||
Proceeds from disposal of property and equipment | ||||||
- | - | - | - | 0 | ||
Purchase of business, net of cash acquired | ||||||
0 | - | - | - | - | ||
Net cash (used in) investing activities | ||||||
-9,972,543 | 210,457 | 0 | 0 | 0 | ||
Cash flows from financing activities: | ||||||
Proceeds from issuance of debt | ||||||
0 | - | - | - | 0 | ||
Payment of loan acquisition costs | ||||||
0 | - | - | - | 0 | ||
Repayments of debt | ||||||
0 | - | - | - | 0 | ||
Proceeds from issuance of redeemable preferred stock | ||||||
0 | - | - | - | - | ||
Issuance of common stock | ||||||
0 | - | - | - | - | ||
Member distributions | ||||||
0 | - | - | - | - | ||
Payment to shareholders associated with Atlas Business Combination | ||||||
0 | - | - | - | - | ||
Payment of contingent earn-out | ||||||
- | - | - | - | 0 | ||
Net cash provided by financing activities | ||||||
0 | - | - | - | 0 | ||
Net change in cash and equivalents | ||||||
-58,092,888 | -1,179,888 | 0 | 0 | 0 | ||
Supplementary cash flow information: | ||||||
Cash paid during the period for: | ||||||
Interest | ||||||
0 | - | - | - | 0 | ||
Taxes | ||||||
- | 153,680 | 0 | 0 | 0 | ||
Capital assets financed | ||||||
0 | - | - | - | - | ||
Contingent consideration share settled | ||||||
0 | - | - | - | - | ||
Dividends on preferred shares accrued and note paid | ||||||
0 | - | - | - | - | ||