XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 193,652 $ 372,002
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 500 500
Amortization of debt discount to interest expense 72,122 141,121
Gain on change in derivative liabilities (1,202,921) (1,453,533)
Common stock issued for services 0 20,000
Stock option compensation 745,448 736,915
Changes in assets and liabilities: Increase (decrease) in:    
Accounts payable 8,868 13,165
Accounts payable - related party 0 (10,000)
Accrued expenses (506) (360)
Accrued interest, notes payable 2,625 9,234
Net cash used in operating activities (180,212) (170,956)
Cash flows from investing activities:    
Increase in deposits 0 (500)
Net cash used in investing activities 0 (500)
Cash flows from financing activities:    
Proceeds from convertible notes payable 0 75,000
Proceeds from the issuance of Series E preferred stock 172,000 120,000
Repayment of convertible notes payable 0 (20,000)
Net cash provided by financing activities 172,000 175,000
Net increase (decrease) in cash (8,212) 3,544
Cash, beginning of period 31,113 68,366
Cash, end of period 22,901 71,910
Supplemental Disclosure:    
Cash paid for income taxes 0 0
Cash paid for interest 0 439
Non-cash financing and investing activities:    
Common shares issued in conversion of debt 40,971 92,750
Settlement of derivative liabilities 30,758 66,341
Debt discount for derivative liabilities 0 613,247
Common shares issued in conversion of Series B preferred stock 0 22,100
Derivative liability for consultant stock options $ 0 $ 545,462