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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net Loss $ 18,060,420 $ (21,639,008)
Adjustments to reconcile net loss to cash provided (used) by operating activities    
Stock-based compensation 1,328,005 163,000
Depreciation, depletion, amortization and accretion 7,552 7,500
Change in fair value of derivative liability (34,166,784) 19,586,317
(Equity) deficit in earnings of unconsolidated entity 12,078,513 126,186
Changes in operating assets and liabilities    
Accounts Receivable 7,077 (103,866)
Prepaid expenses and other assets (193,122) (247,973)
Accounts Payable and Accrued Expenses 1,562,865 (240,521)
Net Cash Used in Operating Activities (1,315,474) (2,348,365)
Cash flows from investing activities:    
Cash paid for issuance of notes receivable   (9,200,000)
Net cash provided (used) in investing activities 0 (9,200,000)
Cash flows from financing activities:    
Proceeds from Issuance of Series C Preferred Stock 0 11,000,000
Proceeds from long-term debt 2,500,000 0
Net cash provided (used) in financing activities 2,500,000 11,000,000
Net increase (decrease) in cash 1,184,526 (548,365)
Cash, beginning of period 868,548 2,253,739
Cash, end of period 2,053,074 1,705,374
Supplemental Cash Flow Information    
Interest 2,848 0
Taxes $ 0 $ 0