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Condensed Statement of Cash Flow - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
OPERATING ACTIVITIES        
Net Income $ (409,929) $ (1,180,537) $ 408,436 $ (6,140,484)
Adjustments to reconcile Net Income to net cash provided by operations:        
Amortization 25,235 (32,415) (2,833) (21,617)
Stock based compensation 529,558 500,665 1,589,178 1,344,450
Foreign currency translation adjustments 97,510 327,340 100,760 4,053,961
Changes in operating assets and liabilities:        
Accounts Receivable (22,002) (160,293) (2,117,459) 134,175
Accounts Payable (29,443) 298,119 13,172 439,020
Other Current Assets 32,612 (47,106) (63,500) (68,171)
Other Current Liabilities 58,850 75,887 223,580 61,890
Total Adjustments to reconcile Net Income to Net Cash provided by operations: 692,321 962,198 (257,102) 5,943,708
Net cash provided by Operating Activities 282,392 (218,340) 151,334 (196,776)
INVESTING ACTIVITIES        
Long Term Investments 0 0 (5,000) (5,360)
Purchase of Intangible Assets (424,430) (240,000) (467,837) (1,250,000)
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 (424,430) (240,000) (472,837) (1,255,360)
FINANCING ACTIVITIES        
Proceed from sale of Stock 136,710 554,539 223,511 1,347,602
Contribution by owners 0 0 0 0
Dividends Paid 0 0 0 0
Proceed from note payable 0 49,953 70,000 269,953
Net cash provided by Financing Activities 136,710 604,492 293,511 1,617,555
Net cash increase for period (5,328) 146,152 (27,992) 165,419
Cash at beginning of period 7,970 43,425 30,634 24,159
Cash at end of period $ 2,641 $ 189,577 $ 2,641 $ 189,577