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UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net loss $ (164,985) $ (2,368,156)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 132,000 32,125
Fair value of warrants granted 976,788
Amortization of debt discount 252,832 502,677
Derivative liability movements (197,476) 611,059
Exercise of warrants 90,000
Amortization of right of use asset 63,064
Deferred taxation movement (18,794)
Changes in operating assets and liabilities    
Accounts receivable (115,000)
Prepaid expenses 10,456 14,638
Other current assets (1,171)
Accounts payable and accrued liabilities (22,013) 50,330
Operating lease liabilities (57,156)
Taxes payable 49,169 12,983
Net cash used in operating activities (69,074) (77,556)
Investing activities    
Other investments (336,220)
Purchase of property and equipment (72,858)
Net cash used in investing activities (72,858) (336,220)
Financing activities    
Repayment of mortgage (29,850) (28,631)
Proceeds from convertible notes 340,000
Repayment of convertible notes (201,733) (35,000)
Proceeds from promissory notes 100,000
Proceeds from government assistance loans 15,797
Repayment of third party loans (78,977)
Repayment of finance leases (1,822)
Proceeds from related party notes 259,228
Repayment of related party notes (12,985)
Net cash provided by financing activities 46,846 279,181
Effect of exchange rate on cash 73,288 79,325
Net change in cash (21,798) (55,270)
Beginning cash balance 48,822 90,500
Ending cash balance 27,024 35,230
Supplemental cash flow information    
Cash paid for interest 43,304 41,344
Cash paid for income taxes
Non-cash investing and financing activities    
Fair value of warrant issued 230,426
Conversion of convertible notes $ 150,000 $ 165,137