Quarterly report pursuant to Section 13 or 15(d)

Kush Bottles, Inc. - Condensed Consolidated Statements of Cash Flows

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Kush Bottles, Inc. - Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
May 31, 2017
May 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME (LOSS) $ (151,545) $ 39,981
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 142,814 58,278
Stock compensation expense 522,226 60,100
Changes in operating assets and liabilities    
Accounts receivable (625,760) (65,963)
Prepaids (213,436) (334,935)
Inventory (1,305,102) (401,289)
Deposits (28,379) (12,220)
Accounts payable 634,741 (110,111)
Accrued expenses and other current liabilities 94,603 75,622
Net cash used in operating activities (929,838) (690,537)
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of web domain (150,000)  
Acquisition of CMP Wellness, LLC (1,500,000)  
Purchase of property and equipment (777,542) (78,969)
Net cash used in investing activities (2,427,542) (78,969)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of related party loan   (75,000)
Drawdown on line of credit   155,000
Proceeds from notes payable 24,785  
Repayment of notes payable (21,614) (17,541)
Proceeds from stock option exercises 44,001  
Proceeds from sale of stock 3,009,897 860,035
Net cash provided by financing activities 3,057,069 922,494
NET INCREASE (DECREASE) IN CASH (300,311) 152,988
Cash, beginning of period 1,027,003 201,259
Cash, end of period 726,692 354,247
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for interest 3,855 17,461
Cash paid for income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Services prepaid for in common stock 169,955  
Fair value of shares issued related to acquisition of business 19,500,000  
Fair value of shares issued related to acquisition of web domain 466,000  
Fair value of contingent equity consideration $ 11,229,760