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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (11,510,385) $ (2,375,801)
Adjustments to reconcile net loss to net cash used in operating activities:    
Derivative liability movements (3,136,090) (278,611)
Depreciation 8,651 4,167
Amortization of debt discount 2,623,252 373,178
Investment impairment charge 1,019,960
Loss on conversion of debt to equity 5,184,447 150,274
Loss on settlement of liabilities 50,082
Deposit forfeited 4,000
Shares issued for services 776,000 43,500
Stock based compensation 4,613,789 464,596
Amortization of right of use asset 17,857 14,342
Changes in Assets and Liabilities    
Other current assets (8,629) 38,993
Accounts payable and accrued expenses (39,355) 184,635
Operating lease liabilities (17,857) (14,342)
Interest accruals 91,120 51,055
CASH USED IN OPERATING ACTIVITIES (1,393,200) (273,972)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in Frictionless Financial Technologies Inc. (500,000)
Deposits paid (4,800)
Plant and equipment purchased (9,234) (50,000)
NET CASH USED IN INVESTING ACTIVITIES (514,034) (50,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from share issuances 4,550,000 33,000
Share issue expenses (501,100)
Proceeds from warrants exercised 3,009,349
Repayment of loans payable (22,049) (20,000)
Repayment of convertible notes (521,000) (48,000)
Proceeds from short term notes and convertible notes 2,569,000 296,250
Proceeds from federal relief funds 60,292
NET CASH PROVIDED BY FINANCING ACTIVITIES 9,084,200 321,542
NET INCREASE (DECREASE) IN CASH 7,176,966 (2,430)
CASH AT BEGINNING OF PERIOD 94,703 2,979
CASH AT END OF PERIOD 7,271,669 549
CASH PAID FOR INTEREST AND TAXES:    
Cash paid for income taxes
Cash paid for interest 29,563 33,030
NON CASH INVESTING AND FINANCING ACTIVITIES    
De-recognition of right of use lease on early termination (34,070)
Recognition of right of use lease 86,741
Conversion of convertible debt to equity 2,259,221 261,601
Settlement of liabilities with equity 100,164
Debt discount on convertible debt $ 2,569,000 $ 326,750