XML 14 R5.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (333,905) $ (392,609)
Adjustments to reconcile net loss to net cash used in operating activities    
Amortization 8,625 30,070
Depreciation 67,122 66,416
Amortization of original issue discount 22,100 42,500
Share-based compensation 50,000
Change in operating assets and liabilities:    
Accounts receivable (77,212) 211,669
Other receivables 48,560 42,500
Inventory (17,211) 7,069
Prepaids and other current assets (136,428) (22,665)
Accounts payable (25,726) (117,427)
Accrued and other short term liabilities 124,118
Accrued interest on short term notes payable - affiliate (20,633)
Net cash used in operating activities (319,957) (188,110)
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in fixed assets (32,998) (9,758)
Net cash used in investing activities (32,998) (9,758)
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt financing proceeds - affiliate 221,000 729,076
Principal payments on debt financing (541,251)
Long term note payable proceeds 98,623 325,800
Net cash provided by financing activities 319,623 556,125
Net change in cash and cash equivalents (33,332) 358,257
Beginning cash and cash equivalents 192,337 17,076
Ending cash and cash equivalents 159,005 375,333
Supplemental cash flow information:    
Interest $ 1,526 $ 7,570