XML 15 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows From Operating Activities:    
Net income (loss) $ 3,350,043 $ (7,372,653)
Adjustments to reconcile net income to net cash provided by (used for) operating activities    
Change in the fair value of derivatives (3,156,582) 6,413,154
Derivative value considered financing costs 0 244,696
Loss on the extinguishment of debt 80,227 0
Amortization of debt discount 111,765 78,013
Changes in operating assets and liabilities    
Prepaid expenses (195,000) (100,000)
Accounts payable and accrued interest (1,133,919) 161,843
Deferred revenue 0 74,225
Accrued payroll officers 30,000 78,000
Net cash used in operating activities (913,466) (422,722)
Cash Flows From Investing Activities: 0 0
Cash Flows From Financing Activities:    
Advances from officers 10,000  
Payments on promissory note (12,000)  
Payment of convertible note   (45,134)
Proceeds from the private placement of common shares 784,929 0
Proceeds from the issuance of convertible notes 334,000 426,989
Net cash provided by investing activities 1,116,929 381,855
Net Decrease In Cash 203,463 (40,867)
Cash At The Beginning Of The Period 4,458 52,096
Cash At The End Of The Period 207,921 11,229
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 0
Cash paid for income taxes 0 0
Supplemental disclosure of non-cash information:    
Common shares issued upon conversion of notes payable and accrued interest $ 1,281,523 $ 322,558