XML 17 R6.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (2,616,601) $ (2,625,414)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation 21,860 21,860
Amortization of beneficial conversion feature and loan fees 3,864 39,992
Amortization of unearned compensation 264,348 79,022
Common stock issued for services 202,522 197,882
Financing fees on debt 1,400
Loss on extinguishment of debt 43,950 121,847
Loss on disposal of asset 85,000
Loss on settlement of accounts payable 448
Decrease (increase) in:    
Prepaid expenses and deposits 3,000 120,039
Increase (decrease) in:    
Accounts payable and accrued expenses 1,463 188,742
Deferred revenue 140,000
Net cash used in operating activities (1,989,194) (1,715,582)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (145)
Proceeds from sale of asset 20,000
Net cash (used in) provided by investing activities (145) 20,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuance of common stock 2,055,447 1,530,110
Proceeds from the issuance of convertible notes payable 50,000
Proceeds from the issuance of convertible notes payable, related party 40,000 6,000
Proceeds from the issuance of notes payable, related party 5,000
Proceeds from the issuance of notes payable 50,000
Payments on convertible notes payable, related party (10,000)
Payments on notes payable, related party (5,000) (2,000)
Payments on notes payable (50,000)
Payments to shareholders (500) 6,400
Net cash provided by financing activities 2,084,947 1,590,510
NET INCREASE (DECREASE) IN CASH 95,608 (105,072)
CASH, BEGINNING OF PERIOD 81,801 186,873
CASH, END OF PERIOD 177,409 81,801
Supplemental disclosure of cash flow information    
Cash paid for interest expense
Cash paid for income taxes
Non-cash operating and financing activities:    
Convertible debt and accrued interest converted to common stock 73,117 283,202
Beneficial conversion feature on convertible notes payable $ 6,000