XML 16 R5.htm IDEA: XBRL DOCUMENT v3.22.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows From Operating Activities:    
Net Income (loss) $ 1,154,869 $ (27,836,019)
Adjustments To Reconcile Net Income (loss) To Net Cash From Operating Activities:    
Stock-based Compensation 41,360 0
Amortization 23,021 23,021
Amortization Of Debt Discounts 0 231,232
Change In Fair Value Of Derivatives Liabilities 0 (28,476,039)
Increase In Principal And Accrued Interest Balances Due To Penalty Provision 0 93,821
Changes In Assets And Liabilities:    
Accounts Receivable 2,485 0
Inventory (3,284) 0
Prepaids And Other Current Assets (64,960) 0
Accounts Payable (426,181) 5,102
Accrued Expenses 5,535 9,026
Management Fee Payable 0 (163,700)
Net Cash Used In Operating Activities (1,576,893) (441,518)
Cash Flows From Investing Activities:    
Net Cash Used In Investing Activities 0 0
Cash Flows From Financing Activities:    
Proceeds From Convertible Notes Payable 0 134,640
Proceeds From Sale Of Preferred Stock 0 462,000
Related Party Advances 0 22,000
Net Cash Provided By Financing Activities 0 618,640
Net Increase In Cash (1,576,893) 177,122
Beginning Cash Balance 10,723,870 98,012
Ending Cash Balance 9,146,977 275,134
Supplemental Cash Flow Information:    
Cash Payments For Interest 9,186 0
Cash Payments For Income Taxes 0 0
Non-cash Investing And Financing Activities:    
Conversion Of Notes Payable, Accrued Interest And Derivative Liabilities Into Common Stock 0 9,012,418
Conversion Of Management Fees And Patent Liability Into Common Stock 250,000 50,000
Discounts On Convertible Notes Payable Due To Derivative Liabilities $ 0 $ 134,640