XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities:    
Net loss $ (1,676,289) $ (816,942)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash interest expense 257,775 0
Change in fair value of derivative liability 903,588 237,968
Amortization of debt discount 146,981 250,726
Depreciation expense 4,963 10,308
Changes in operating assets and liabilities:    
Prepaid assets 0 5,000
Accounts payable (172,001) 201,312
Accrued liabilities - related party (224,212) 82,500
Accrued interest payable 82,535 0
Accrued payroll taxes 93,352  
Net cash from operating activities (583,308) (29,128)
Investing Activities:    
Intangible assets (19,117) (7,747)
Net cash from investing activities (19,117) (7,747)
Financing Activities:    
Proceeds from debt 1,405,000 72,000
Payments on debt (6,578) (50,300)
Proceeds from sale of common stock 25,000 0
Net cash from financing activities 1,423,422 21,700
Net (decrease) increase in cash 820,997 (15,175)
Cash, beginning of period 33 15,306
Cash, end of period 821,030 131
Cash paid for:    
Interest 33,982 33,982
Income taxes 0 0
Non-cash investing and financing activities:    
Debt and interest settled for common stock 1,699,415 569,788
Stock and warrants issued with debt 567,133 10,718
Derivative liability offset by debt discount $ 383,117 $ 0