XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities    
Net loss $ (1,242,779) $ (787,260)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 4,623 5,320
Stock-based compensation 35,000 80,300
Non-cash lease expense (367)
Loss from equity method investment 790,126 199,769
Changes in operating assets and liabilities:    
Accounts payable and accrued liabilities (46,397) (37,073)
Security deposits   7,944
Accounts payable and accrued liabilities related party 126,481
Accrued interest payable 49,857
Due to affiliates 271,571 44,764
Net cash used in operating activities (61,375) (436,746)
Cash Flows from Financing Activities    
Common stock to be issued for cash 249,000
Proceeds from related party notes payable 56,325 447,646
Repayments of related party notes payable (243,950) (10,900)
Net cash provided by financing activities 61,375 436,746
Net Change in Cash
Cash, Beginning of Period
Cash, End of Period
Supplemental Disclosures of Cash Flow Information    
Cash paid for interest
Cash paid for taxes
Supplemental Disclosures of Non-Cash Investing and Financing Activities    
Common stock issued for services 35,000
Deposit on stock purchase agreement 100,000
Common stock issued for prior year equity method investment 5,500,000
Common stock issued for prior year settlements 440,220
Common stock issued for debt extinguishment 120,000
Equity method investment exchanged for forgiveness of related party note payable and accrued interest $ 1,062,000