XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES:    
Net loss $ (1,462,303) $ (255,465)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 37,798 0
Amortization of debt discount on convertible notes 311,006 41,518
Change in fair market value of derivative liabilities 7,452 0
Derivative expense 0 217,011
Changes in operating assets and liabilities:    
Accounts receivable (177,579) 0
Inventory 3,785 0
Prepaid expenses 20,485 0
Accounts payable and accrued expenses 488,638 (18,525)
Accrued interest 73,139 4,263
NET CASH PROVIDED BY (USED) IN OPERATING ACTIVITIES (697,579) (11,198)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Equipment purchase 0 0
NET CASH PROVIDED BY (USED) IN INVESTING ACTIVITIES 0 0
FINANCING ACTIVITIES:    
Sales of common stock 520,000 0
Proceeds from convertible notes payable 0 259,173
Loan receivable 0 (247,975)
NET CASH PROVIDED BY (USED) IN FINANCING ACTIVITIES 520,000 11,198
Increase (decrease) in cash and cash equivalents (177,579) 0
Cash and cash equivalents - Beginning 250,854 0
Cash and cash equivalents - Ending 73,275 0
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest 17,503 0
Cash paid for income taxes 0 0
NON-CASH TRANSACTIONS:    
Preferred stock issued in exchange for cancellation of Warrant Liabilities, net of unamortized discount $ 335,651 $ 0