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UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities:    
Net income (loss) $ (3,578,311) $ (467,434)
Adjustments to reconcile net income to net cash provided by (used for) operating activities    
Stock-based compensation expense 90,489 193,399
Advertising expense paid with common stock 0 189,000
Common stock issued in connection with financing 631,915 50,085
Amortization of debt discount 216,949 735,949
Loss on the extinguishment of debt 291,800 989,263
Beneficial conversion feature of convertible notes 0 0
Change in the fair value of derivatives 646,427 (3,077,973)
Depreciation and amortization 198,354 1,190
Changes in operating assets and liabilities    
(Increase)/decrease in prepaid expenses 0 (238,498)
HST Receivable (11,774) (1,430)
Prepaids (16,759) 0
Accrued interest 36,180 54,087
Accounts payable and accrued expense 809,504 516,659
Net cash provided by (used for) operating activities (685,226) (1,055,704)
Cash Flows From Investing Activities:    
Purchase of fixed assets (60,698) (6,406)
Purchase of private company equity 0 (39,490)
Net cash provided by (used for) investing activities (60,698) (45,896)
Cash Flows From Financing Activities:    
Reduction of finance lease liability (78,975) 0
Proceeds from the sale of preferred stock 0 55,000
Proceeds from convertible loans, net of repayments 641,200 388,083
Proceeds from notes payable, net of repayment 0 238,560
Proceeds from the sale of common stock in private placements 290,012 291,064
Proceeds (repayment of related party loans), net 25,996 (233,539)
Net cash provided by (used for) financing activities 878,233 739,168
Effect of exchange rates on cash and cash equivalents (154,897) 137,621
Net Increase (Decrease) In Cash 132,309 (362,432)
Cash At The Beginning Of The Period 27,767 334,969
Cash At The End Of The Period 5,179 110,158
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 0
Cash paid for income taxes 0 0
Supplemental disclosure of non-cash investing and financing activities:    
Acquisition of right of use assets for lease obligations 5,727,811 0
Common stock issued as a financing expense on convertible notes 147,000 50,085
Common stock issued for advertising expense 0 189,000
Common stock issued to convert convertible notes and accrued interest into equity $ 831,514 $ 764,353