XML 20 R6.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,660,813) $ (2,309,165)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 20,379 1,003
Amortization right of use asset 14,571
Amortization of beneficial conversion feature and loan fees 239,592 117,003
Common stock issued for services 751,416 644,057
Common stock issued for a charitable contribution 9,700 49,100
Common stock issued for loan fees 7,500
Gain on sale of asset (5,500)
Gain on sale of investment (354,000)
Loss on extinguishment of debt 34,375 49,682
Gain on settlement of accounts payable 4,512
Decrease (increase) in:    
Prepaid expenses 36,471
Increase (decrease) in:    
Accounts payable and accrued expenses 38,080 (56,796)
Operating lease liabilities (14,493)
Net Cash Used by Operating Activities (1,885,788) (1,654,988)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (12,000)
Proceeds from sale of asset 5,500
Net cash used in investing activities (6,500)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase in bank overdraft (2,919)
Proceeds from the sale of common stock 1,299,024 2,166,692
Proceeds from the issuance of convertible notes payable 206,600 62,000
Proceeds from the issuance convertible notes payable, related party 109,300
Payments on convertible notes payable (56,500)
Payments on notes payable (45,000)
Payments to shareholders (5,048)
Net Cash Provided By Financing Activities 1,460,624 2,273,525
NET INCREASE IN CASH (431,664) 618,537
CASH, BEGINNING OF PERIOD 618,537
CASH, END OF PERIOD 186,873 618,537
Supplemental disclosure of cash flow information:    
Cash paid for interest expense
Cash paid for income taxes
Noncash operating and financing activities:    
Convertible debt and accrued interest converted to common stock 84,086 296,435
Operating lease liabilities and right of use asset 48,957 22,572
Beneficial conversion feature on convertible notes payable 202,100 102,975
Stock issued for prepaid services 29,500 164,267
Stock issued to purchase vessel 200,600
Stock issued to purchase vehicle $ 6,000