XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities:    
Net loss $ (2,957,601) $ (259,537)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation Expense 237 237
Accretion of origination fee income (6,870)
Amortization of deferred loan costs 35,430
Payroll protection loan forgiveness (20,927)
Changes in operating assets and liabilities:    
Increase in judgments payable 1,518,000  
Increase in settlements payable 1,000,000  
Increase in interest receivable (50,139)
Increase in accrued management fees - related party 112,500 112,500
Decrease in accounts payable and accrued expenses 195,965 (19,909)
Increase in interest payable 2,100  
Increase in notes payable - related party 19,688 13,125
Net cash used in operating activities (109,111) (196,090)
Cash Flows from Investing Activities:    
Net cash from investing activities
Cash Flows from Financing Activities:    
Proceeds from short term loan 35,000
Proceeds from stockholder contribution 73,650 191,211
Net cash provided by (used in) financing activities 108,650 191,211
Net increase (decrease) in cash (461) (4,879)
Cash and restricted cash at beginning of year 588 11,624
Cash and restricted cash at end of year 127 6,745
Supplemental Disclosure of Cash Flow Information:    
Interest
Income Taxes
Schedule of Non-Cash Investing and Financing Activities:    
Distribution due to non-controlling interest 90,000 90,000
Amortization of discount on redeemable preferred stock $ 17,766 $ 17,766