CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	1 Months Ended	5 Months Ended	6 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Jan. 28, 2018	Jun. 30, 2018	Jun. 30, 2017
Predecessor [Member]
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss )	$ 128,152		$ (128,739)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	20,355		148,903
Loss on derivative instruments	0		0
Amortization of debt discounts on convertible notes	0		0
Realized gains on investments	0		0
Unrealized losses on investments	0		0
Changes in operating assets and liabilities:
Accounts receivable	(284,592)		(410,393)
Inventory	0		0
Accounts payable	78,565		116,179
Due from related party	17,000		0
Other current liabilities	0		0
Net cash (used in) operating activities	(40,520)		(274,050)
CASH FLOWS FROM INVESTING ACTIVITIES
Repurchase and cancellation of shares	0		0
Sale of purchases of investments, net	0		0
Purchase of fixed assets	0		(200,174)
Cash assumed in acquisition of subsidiary	0		0
Net cash provided by (used in) investing activities	0		(200,174)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from lines of credit	627,147		138,979
Payments on lines of credit	(378,897)		0
Proceeds from other loans payable	0		315,000
Payments on loans from shareholders	(38,561)		0
Proceeds from notes payable	0		110,552
Proceeds from equity issuance	0		0
Proceeds on liabilities due to officer and related parties	35,000		54,693
Payments on notes payable	(32,814)		(118,227)
Payments on liabilities due to officer and related parties	0		(28,092)
Principal payments on convertible debenture contracts	0		0
Payments on margin loan	0		0
Member draws	0		(77,540)
Net cash provided by financing activities	211,875		395,365
INCREASE (DECREASE) IN CASH	171,355		(78,859)
Cash at beginning of period	348	$ 171,703	88,321
Cash at end of period	171,703		9,462
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest	7,725		9,099
Income Taxes	0		0
Non-Cash Transactions
Common stock issued for debt conversion	0		0
Derivative liability extinguished on conversion	0		0
Fixed assets purchased through accounts payable	51,853		0
Fixed assets purchased through notes payable	0		$ 781,524
Successor [Member]
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss )		(211,085)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization		67,166
Loss on derivative instruments		105,284
Amortization of debt discounts on convertible notes		30,925
Realized gains on investments		(2,327)
Unrealized losses on investments		1,030
Changes in operating assets and liabilities:
Accounts receivable		(166,586)
Inventory		(136,578)
Accounts payable		(55,336)
Due from related party		(10,000)
Other current liabilities		0
Net cash (used in) operating activities		(377,507)
CASH FLOWS FROM INVESTING ACTIVITIES
Repurchase and cancellation of shares		(913)
Sale of purchases of investments, net		68,014
Purchase of fixed assets		0
Cash assumed in acquisition of subsidiary		171,703
Net cash provided by (used in) investing activities		238,804
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from lines of credit		158,030
Payments on lines of credit		0
Proceeds from other loans payable		300,000
Payments on loans from shareholders		(180,719)
Proceeds from notes payable		0
Proceeds from equity issuance		0
Proceeds on liabilities due to officer and related parties		125,000
Payments on notes payable		(179,465)
Payments on liabilities due to officer and related parties		(41,500)
Principal payments on convertible debenture contracts		(21,840)
Payments on margin loan		(14,203)
Member draws		0
Net cash provided by financing activities		145,303
INCREASE (DECREASE) IN CASH		6,600
Cash at beginning of period	28,762	22,162
Cash at end of period	$ 22,162	28,762
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest		98,273
Income Taxes		0
Non-Cash Transactions
Common stock issued for debt conversion		12,240
Derivative liability extinguished on conversion		55,938
Fixed assets purchased through accounts payable		0
Fixed assets purchased through notes payable		$ 0

Galenfeha, Inc. 10-Q