XML 15 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cashflows - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Cash Flows from Operating Activities:              
Net loss         $ (3,995,648) $ (3,327,775)  
Net loss to net cash used in operating activities:              
Stock based compensation         2,098,521 1,592,641  
Vesting of deferred stock based compensation $ 94,150     $ 94,150 188,300  
Stock based finance incentive         451,517  
Gain on settlement of debt     (5,000)  
Gain on change in fair value of warrant derivative liability (133,096)     (384,383)  
Amortization of debt discount         52,287 17,429  
Amortization of intangible asset         258,365 276,668  
Depreciation         10,323 9,199  
Changes in operating assets and liabilities:              
Increase (decrease) in accounts receivable         6,113 (22,734)  
Increase (decrease) in accrued interest         36,642 (1,701)  
Decrease in accounts payable         (85,900) (45,290)  
Net cash used in operating activities         (1,363,863) (1,506,563)  
Cash flows from investing activities              
Purchase of fixed assets         0 (19,095)  
Proceeds from repayment of advances receivable         1,231 0  
Purchase of intangible assets         (19,513) (53,254)  
Net cash used in investing activities         (18,282) (72,349)  
Cash flows from financing activities              
Payment of dividends (16,754)       (20,026)  
Proceeds from loans payable         15,000  
Repayment of loans payable         (22,595) (8,097)  
Repayment of loans payable - related party         (77,940) (303,068)  
Proceeds from loans payable - related party         498,197  
Net proceeds from issuance of Series C Preferred Stock and associated warrants         789,000  
Proceeds from issuance of convertible notes payable         2,007,578  
Net cash provided by financing activities         1,181,636 1,696,413  
Effects of exchange rate changes on cash         292,322 43,446  
Net Change in Cash         91,813 160,947  
Cash - Beginning of Period     $ 96,602 $ 62,967 62,967 96,602 $ 96,602
Cash - End of Period 154,780 $ 257,549     154,780 257,549 $ 62,967
Supplemental information:              
Cash paid for interest         6,963 4,766  
Cash paid for taxes          
Non-cash investing and financing activities              
Original issue discount on convertible notes         104,572  
Common stock issued for conversion of debt         70,000  
Special 2019 Series A Preferred Stock issued to/from Treasury to related party in increase/satisfaction of debt         60,000  
Common stock issued to related party for conversion of Series B Preferred Stock     6,000   6,000  
Warrant liability         721,275  
Declared dividends         22,133  
Repurchase and cancellation of Special 2019 Series A Preferred Stock via issuance of related party note payable $ 60,000   $ (60,000)   $ 60,000