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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities    
Net (loss) income $ (1,573,403) $ 3,084,992
Adjustment to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization expense 325,350 121,276
Fair value of warrants granted 854,140
Gain on debt extinguishment (12,601,823)
Gain on disposal of property (36,470)
Forgiveness of federal relief loan (156,782)
Stock based compensation for services 165,780
Amortization of debt discount 1,960,551 861,657
Derivative liability movements (1,526,191) 7,582,110
Non-cash interest converted to equity 90,144 45,208
Non-cash interest income (23)
Exercise of warrants 95,868
Amortization of right of use asset 118,745
Deferred taxation movement (37,588)
Unrealized foreign exchange loss 141,927
Movement in bad debt reserve (2,734)
Changes in operating assets and liabilities    
Accounts receivable 4,267 105,561
Prepaid expenses 10,461 1,521
Other current assets 114,704 (11,938)
Accounts payable and accrued liabilities 25,108 301,035
Operating lease liabilities (101,637)
Taxes payable (193,436) 44,083
Net cash used in operating activities (85,567) (101,970)
Investing activities    
Acquisition of subsidiary, net of cash 10,324
Deposits refunded 5,995
Other investments (450,537) (690,449)
Purchase of property and equipment (132,832)
Net cash used in investing activities (573,045) (684,454)
Financing activities    
Decrease in bank overdraft (11,079)
Repayment of mortgage (117,515) (105,952)
Proceeds from convertible notes 1,232,700 1,129,050
Repayment of convertible notes (499,544) (210,600)
Proceeds from promissory notes 420,449
Repayment of promissory notes (464,338) (150,583)
Proceeds from government assistance loans 173,322 186,600
Preferred stock dividends paid (24,000) (37,818)
Repayment of third party loans (127,640)
Proceeds from finance leases 43,449
Repayment of finance leases (3,168)
(Repayment) Proceeds from related party notes (43,520) 54,401
Net cash provided by financing activities 590,195 854,019
Effect of exchange rate on cash 26,739 19,930
Net change in cash (41,678) 87,525
Beginning cash balance 90,500 2,975
Ending cash balance 48,822 90,500
Supplemental cash flow information    
Cash paid for interest 281,153 180,668
Cash paid for income taxes
Non-cash investing and financing activities    
Fair value of warrant issued 1,762,266
Shares issued in consideration of acquisition of subsidiary 410,000
Conversion of convertible notes 4,115,836 1,137,261
Conversion of related party payable to common stock 25,000
Conversion of related party payable to Series A Preferred stock 40,000
Settlement of liabilities 844,689
Fair value of non-controlling interest $ 153,333