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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (13,469,271) $ (8,532,792)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 3,334 3,613
Common stock issued for professional fees 141,020 1,117,782
Loss on settlement of debt 142,551
Gain on deconsolidation of subsidiary (241,365)
Changes in assets and liabilities:    
Accounts receivables, net 192,121 (258,820)
Holdback receivables (1,306,069) (2,180,270)
Inventories 868,324 172,813
Due from related party (2,514)
Other assets 21,783 (75,811)
Accounts payable and accrued expenses 5,463,942 1,967,850
Refunds payable (179,257) 165,550
Royalty payable 398,149 704,203
Chargebacks payable 263,352 153,969
Net cash used in operating activities (7,703,900) (6,761,913)
Cash flows from investing activities:    
Purchases of equipment (1,604)
Proceeds from disposition of asset 28,397
Net cash provided by (used in) financing activities (1,604) 28,397
Cash flows from financing activities:    
Proceeds from convertible debt 500,000 3,585,000
Proceeds from borrowings from stockholder 1,488,817 3,672,028
Proceeds from borrowings from related parties 317,610
Net cash provided by financing activities 1,988,817 7,574,638
Net increase (decrease) in cash (5,716,687) 841,122
Deconsolidation - Cash (41,107)
Cash – beginning of period 5,843,323 78,856
Cash – end of period 85,529 919,978
Supplemental disclosures of cash flow information    
Interest 2,334 1,125
Income taxes
Non-cash investing and financing activities:    
Due to Emblaze One, Inc. by Limitless X 1,167,011
Due from Vybe Labs, Inc. by Limitless X $ (1,356,750)