American Retail Group, Inc. Cashflow Statement

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Financial Statements

In USD, except per-share amounts

	FY2017 12 months to Dec 31, 2017	FY2014 12 months to Dec 31, 2014	FY2013 12 months to Dec 31, 2013	FY2012 12 months to Dec 31, 2012	FY2011 12 months to Dec 31, 2011
OPERATING ACTIVITIES:
Net (loss)
Net loss
Expenses paid by related party
Forgiveness of accrued salary
Accrued interest to related parties
Adjustments to reconcile net loss to net cash used in operating activities:
Changes in operating assets and liabilities:
Accounts payable and accrued expenses
Accrued interest
Net cash used in operating activities

Acquisition of subsidiary
Net cash used in investing activities
FINANCING ACTIVITIES:
Proceeds from loan and note payable
Capital contribution
Advances from stockholder
Repayments to stockholder
Proceeds from sale of preferred stock
Loan from related party
Net cash provided by financing activities

NET INCREASE IN CASH
CASH, BEGINNING OF PERIOD
CASH, END OF PERIOD
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:
Forgiveness of related party debt

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