Cash Flow

v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:    
Net income (loss) attributable to MariMed Inc. $ (1,194,083) $ (198,852)
Net income (loss) attributable to noncontrolling interests 165,021 520,017
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 362,691 265,746
Equity compensation 1,078,253 163,574
Loss on debt settlements, net 645,193
Interest paid via issuance of promissory note 50,000
Unrealized trading losses, net (268)
Changes in operating assets and liabilities:    
Accounts receivable, net (920,877) (601,507)
Deferred rents receivable (74,541)
Due from third parties (640,238) (530,294)
Due from related parties 52,727 (31,900)
Other current assets (341,016) (198,908)
Other assets (384,245)
Accounts payable 2,359,494 (106,067)
Accrued expenses (265,730) 447,359
Due to related parties 252,659 22,435
Other liabilities 50,732
Net cash provided by (used in) operating activities 1,277,075 (197,933)
Cash flows from investing activities:    
Purchase of property and equipment (21,012,563) (3,364,070)
Betty's Eddies™ asset purchase 370,000
Interest on notes receivable 40,022 24,062
Net cash used in investing activities (20,602,541) (3,340,008)
Cash flows from financing activities:    
Proceeds from subscribed preferred stock 200,000 300,000
Issuance of common stock 6,578,000 406,157
Issuance of interest in wholly-owned subsidiary 1,000,000
Issuance of promissory notes 9,475,000 775,000
Proceeds from mortgages payable, net 2,785,841 2,865,112
Exercise of stock options 7,500
Distributions (399,831)
Net cash provided by financing activities 20,046,341 3,946,438
Net change to cash and cash equivalents 720,875 408,497
Cash and cash equivalents at beginning of period 569,356 160,859
Cash and cash equivalents at end of period 1,290,231 569,356
Supplemental disclosure of cash flow information:    
Cash paid for interest 586,584 233,673
Cash paid for taxes 1,781 456
Non-cash activities:    
Equity issued to settle debt $ 3,453,068 $ 589,332

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