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Condensed Consolidated Statement of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOW FROM OPERATING ACTIVITIES:    
Net income (loss) $ (3,610,929) $ (6,377,731)
Depreciation and amortization 79,260 11,311
Gain on sale of equipment (1,400)
Expense paid through issuance of common stock 25,984 1,030,535
Amortization of loan discount 1,000,457
Adjustments to reconcile net loss to cash (used in) operating activities:    
Accounts receivable (1,017,950) (219,697)
Prepaid expenses 40,915 20,184
Inventory (1,089,198) (869,985)
Inventory deposits and other (41,074) (224,894)
Accounts payable and accrued expense (474,827) (297,513)
Net Cash (Used in) Operating Activities (6,089,219) (5,927,333)
CASH FLOW FROM INVESTING ACTIVITIES:    
Purchase of Champion Entities (10,247,420)
Disposition/(purchase) of fixed assets 1,402 (13,651)
Partial payment made on settlement of outstanding liability – Champion Entities purchase (275,000)
Net Cash Provided by/(Used in) Investing Activities (273,598) (10,261,071)
CASH FLOW FROM FINANCING ACTIVITIES:    
Proceeds from sale of common stock, prefunded warrants and warrant inducement, net of offering costs paid of $983,080 and $3,434,122, respectively 5,298,330 19,953,755
Proceeds from warrant exercise 6,150 31,234
Proceeds from line of credit 1,700,000
Principal payments on line of credit, net (10,837)
Proceeds (repayments) of loans – officer - related party, net 95,332 (81,506)
Proceeds from working capital loans 1,000,000 60,000
Principal payments on working capital loans (449,675)
Principal payment on loans – nonrelated parties (2,607,108)
Net Cash Provided by Financing Activities 7,639,300 17,356,375
CHANGE IN CASH 1,276,483 1,167,971
CASH AT BEGINNING OF PERIOD 356,754 17,607
CASH AT END OF PERIOD 1,633,238 1,185,578
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest 245,874 234,146
Income taxes
Non-cash investing and financing activities:    
Conversion of debt into equity $ 2,011,224