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Condensed Statement of Cash Flow - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES        
Net Income $ 262,792 $ (2,462,842) $ 818,364 $ (4,959,946)
Adjustments to reconcile Net Income to net cash provided by operations:        
Amortization (30,028) 10,797 (28,068) 10,797
Stock based compensation 525,934 424,432 1,059,620 843,785
Foreign currency translation adjustments 3,100 2,052,955 3,250 3,726,621
Changes in operating assets and liabilities:        
Accounts Receivable (874,331) 282,558 (2,095,457) 294,468
Accounts Payable (25,268) (23,112) 42,615 140,901
Other Current Assets (31,535) (35,426) (96,112) (21,065)
Other Current Liabilities 129,274 28,112 164,730 (13,996)
Total Adjustments to reconcile Net Income to Net Cash provided by operations: (302,854) 2,740,318 (949,422) 4,981,510
Net cash provided by Operating Activities (40,061) 277,476 (131,058) 21,564
INVESTING ACTIVITIES        
Long Term Investments 0 0 (5,000) (5,360)
Purchase of Intangible Assets 4,956 (760,000) (43,407) (1,010,000)
Cash proceed for sale of investments 0 0 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 4,956 (760,000) (48,407) (1,015,360)
FINANCING ACTIVITIES        
Proceed from sale of Stock 28,021 229,463 86,801 793,063
Contribution by owners 0 0 0 0
Dividends Paid 0 0 0 0
Proceed from note payable 0 200,000 70,000 220,000
Net cash provided by Financing Activities 28,021 429,463 156,801 1,013,063
Net cash increase for period (7,085) (53,061) (22,664) 19,267
Cash at beginning of period 15,054 96,486 30,634 24,159
Cash at end of period $ 7,970 $ 43,425 $ 7,970 $ 43,425