XML 15 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Statement of Cash Flow - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES        
Net Income $ (1,180,537) $ (282,983) $ (6,140,484) $ (589,983)
Adjustments to reconcile Net Income to net cash provided by operations:        
Amortization (32,415) 0 (21,617) (21,617)
Stock based compensation 500,665 419,353 1,344,450 1,344,450
Foreign currency translation adjustments 327,340 0 4,053,961 4,053,961
Changes in operating assets and liabilities:        
Accounts Receivable (160,293) (61,185) 134,175 134,175
Accounts Payable 298,119 67,768 439,020 439,020
Other Current Assets (47,106) (228) (68,171) (68,171)
Other Current Liabilities 75,887 44,839 61,890 (61,890)
Total Adjustments to reconcile Net Income to Net Cash provided by operations: 962,198 470,546 5,943,708 5,943,708
Net cash provided by Operating Activities (218,340) 187,563 (196,776) (196,776)
INVESTING ACTIVITIES        
Long Term Investments 0 (6,978) (5,360) (5,360)
Purchase of Intangible Assets (240,000) (2,240,000) (1,250,000) (1,250,000)
Cash proceed for sale of investments 0 2,000,000 0 0
Property & Equipment 0 0 0 0
Deposits 0 0 0 0
Security Deposits Asset 0 0 0 0
Net cash provided by Investing Activities (240,000) (246,978) (1,255,360) (1,255,360)
FINANCING ACTIVITIES        
Proceed from sale of Stock 554,539 50,000 1,347,602 1,347,602
Contribution by owners 0 0 0 0
Dividends Paid 0 0 0 0
Proceed from note payable 49,953 0 269,953 269,953
Net cash provided by Financing Activities 604,492 50,000 1,617,555 1,617,555
Net cash increase for period 146,152 (9,416) 165,419 165,419
Cash at beginning of period 43,425 110,969 24,159 24,159
Cash at end of period $ 189,578 $ 101,553 $ 189,578 $ 101,553