XML 14 R6.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Net loss $ (16,336,037) $ (7,666,062)
Adjustments to reconcile net loss to cash used in operating activities    
Depreciation and amortization 4,215 1,482
Bad debts 20,960
Amortization of prepaid expense 1,328,317 2,135,449
Stock-based compensation 1,043,350 2,921,900
Amortization of debt discount 357,213 239,312
Loss on settlement of debt 12,890,764 2,053,055
Initial derivative expense 126,322 258,863
Change in fair value of derivative liabilities (208,261) (390,157)
 Change in operating assets and liabilities    
Accounts and taxes receivable (159,882) (38,695)
Prepaid expense (15,958)
Inventory (156,376)
Accounts payable and accrued liabilities 549,816 170,424
Net cash used in operating activities (555,557) (314,429)
Cash flows from investing activities    
Purchase of property and equipment (5,425) (2,229)
Net cash used in investing activities (5,425) (2,229)
Cash flow from financing activities    
Advances by related party 135,378 100,159
Repayment of advances to related party (127,375) (86,649)
Proceeds from notes payable 15,439 152,040
Repayments of notes payable (117,170)
Reduction in ROU liability (2,316)
Proceeds from issuance of shares 789,006
Proceeds from promissory notes 19,137
Proceeds from non-redeemable convertible 15,823
Proceeds from convertible notes 225,000 290,000
Net cash provided by financing activities 1,070,092 338,380
Change in foreign exchange 2,342 (172)
Net change in cash 511,452 21,550
Cash, beginning of the period 21,843 293
Cash, end of the period 533,295 21,843
Cash paid during the year    
Interest paid 448
Income taxes paid
Supplemental disclosure of non-cash investing and financing activities    
Stock issued to settle accounts payable and accrued liabilities 496,222
Stock issued to settle non-redeemable convertible notes 13,327,708 1,939,444
Stock issued to settle convertible notes 552,435 553,097
Stock issued for prepaids 1,153,571 1,267,857
Initial debt discount from derivative 225,000 290,000
Stock issued for warrant liability 111,800
Right-of-use asset 45,444
Transfer of notes payable to promissory notes 91,192
Transfer of accounts payable and accrued liabilities to promissory notes 26,050
Transfer of due to related party to promissory notes $ 19,572