XML 23 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 $ (15,731,697) $ (392,329)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 25,592 19,665
Amortization of debt discount 916,353 0
Convertible note price reset recorded as financing expense 363,000  
Stock based compensation 0 27,209
Professional fees paid with convertible debt 614,575 0
Wages and salaries paid with stock payable 964,000 0
Loss on cancellation of subscription receivable and related interest receivable 87,190 0
Impairment of lease asset 0 354,895
Impairment of goodwill and intangibles 9,592,424 0
Change in fair value of warrants (191,429) 0
Gain on settlement of lease liability (399,230) 0
Gain on sale of domain name (89,903)  
Gain on forgiveness of CARES Act note 0 (265,952)
Change in:    
Accounts receivable 16,689 0
Prepaid expenses (26,253) 6,957
Other assets 42,161 0
Accounts payable 235,348 146,572
Accrued expenses 267,709 118,484
Accrued rent payable (2,578) 3,247
Deferred revenue (96,054) 2,799
Net cash provided by (used in) by operating activities (3,412,103) 21,547
Cash Flows From Investing Activities:    
Additions to fixed assets (105,019) 0
Proceeds from sale of domain name 89,903  
Cash acquired upon reverse merger 2,425,790 0
Net cash used by investing activities 2,410,674 0
Cash Flows From Financing Activities:    
Issuance of senior secured promissory notes 450,000 0
Borrowings under convertible debt issued with warrants 498,327 0
Borrowings under financing arrangements 355,103 0
Payments on promissory note (30,000) (22,000)
Payments on financing arrangements (125,006) 0
Proceeds from exercise of stock options 12,784 0
Net cash provided by financing activities 1,161,208 (22,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 159,778 (453)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 9,773 10,226
CASH AND CASH EQUIVALENTS AT END OF YEAR 169,551 9,773
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid in cash 11,714 1,542
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Convertible note issued for accrued expenses 17,917 0
Convertible note issued for accounts payable 0 11,095
Convertible note price reset 1,690,000  
Stock payable issued for accrued liabilities 33,768 0
Stock payable issued for accrued interest payable 1,450 0
Stock payable issued for promissory note $ 8,000 $ 0