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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities    
Net income (loss) $ 14,249,645 $ (5,655,119)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 10,724 18,384
Amortization 424,812 424,812
Lease expense (benefit) 15,870 (660)
Loss on disposal of property and equipment 135,600
Loss on operating lease right-of-use asset - lease abandonment 146,795
Loss on operating lease right-of-use asset - lease termination settlement 2,992
Stock-based compensation - employees 746,300 1,176,600
Stock-based compensation - non-employees 279,000 36,000
Shares issued related to lease termination settlement 50,700
Shares issued for interest 159,300 168,750
Non-cash services expense 19,000
Change in fair value of patent acquisition liability 660,000 (290,000)
Gain on derecognition of debt (21,179,043)
Foreign exchange loss 55,210 65,724
Changes in operating assets and liabilities    
Other receivable 310,111 (5,205)
Accounts payable (2,507) (36,009)
Accounts payable – related parties 8,347
Accrued interest – related and non-related parties 3,441,595 3,055,027
Accrued expenses 124,800 172,346
Net cash used in operating activities (340,749) (869,350)
Cash flows from investing activities    
Loan to Emergence Global Enterprises Inc. (17,901)
Advances to CEN Biotech Ukraine LLC (114,000) (190,000)
Proceeds from sale of equipment 1,801
Net cash used in investing activities (130,100) (190,000)
Cash flows from financing activities    
Issuance of convertible notes 499,000 1,045,914
Repayment of convertible notes (30,000) (6,000)
Issuance of convertible notes - related parties 20,000
Net cash provided by financing activities 469,000 1,059,914
Net (decrease) increase in cash and cash equivalents (1,849) 564
Cash and cash equivalents, beginning of year 3,757 3,193
Cash and cash equivalents, end of year 1,908 3,757
Supplemental cash flows disclosures    
Cash paid for interest 75,963 85,847
Non-cash transactions - investing and financing activities    
Issuance of note payable for services 19,000
Issuance of common stock - settlement of accrued liability $ 58,500