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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 3,903,741 $ (3,037,517)
Adjustments to reconcile net loss to net cash used in operating activities    
Bad debt (recovery) expense (148,500) 165,376
Stock-based compensation 83,728 610,476
Amortization of debt discount to interest expense 268,125
Amortization of prepaid stock-based expense 107,970 578,924
Inventory write-down 137,947
Net realized gain on equity investments (6,660,483)
Net unrealized (gain) loss on equity investments (248,588) 9,194
Gain on forgiveness of PPP note payable and accrued interest (19,082)
Gain from disposal of assets from discontinued operations (1,553)
Loss from debt extinguishment 197,682
Change in operating assets and liabilities:    
Prepaid expenses and other current assets (38,862) (144,663)
Assets of discontinued operations (24,963) (15,065)
Interest receivable (1,210)
Accounts payable and accrued expenses 291,050 72,525
Deferred revenue 478,736
NET CASH USED IN OPERATING ACTIVITIES (2,278,016) (1,156,996)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net proceeds from sale of equity investments 7,020,526
Collection on note receivable written off prior to 2019 7,500
Collection on note receivable 164,500 39,000
NET CASH PROVIDED BY INVESTING ACTIVITIES 7,192,526 39,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from note payable - related party 35,000
Proceeds from note payable 18,900
Repayment of note payable - related party (35,000)
Net proceeds from sale of common stock 2,115,733
Net proceeds from sale of preferred stock 3,794,102
Advance from a related party 2,366
Repayment of advance from a related party (2,366)
NET CASH PROVIDED BY FINANCING ACTIVITIES 3,794,102 2,134,633
NET INCREASE IN CASH: 8,708,612 1,016,637
CASH AND CASH EQUIVALENTS - beginning of year 1,128,389 111,752
CASH AND CASH EQUIVALENTS - end of year 9,837,001 1,128,389
Supplemental Disclosure of Cash Flow Information:    
Interest paid
Taxes paid
Cash paid during the period for:    
Interest 224
Income taxes
Non-cash investing and financing activities:    
Common stock issued for prepaid services 686,895
Common stock issued for Exchange of Notes 528,000
Common stock issued for conversion of Redeemable Series A Preferred Stock 400,000
Increase in equity investments recorded as deferred revenue pursuant to a patent license agreement 531,250
Note receivable issued in connection with asset purchase agreement $ 60,000