XML 14 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net loss $ (344,599) $ (4,994,594)
Adjustment to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 266,243 65,233
Non-cash interest converted to equity 344,701
Fair value of warrants granted 976,788
Amortization of debt discount 464,034 1,350,542
Unrealized foreign exchange loss 39,468
Derivative liability movements (130,437) 1,723,619
Amortization of right of use asset 128,195
Changes in operating assets and liabilities    
Accounts receivable (169,211)
Prepaid expenses and other current assets (21,181) 83,840
Accounts payable and accrued liabilities 104,282 1,544
Operating lease liabilities (117,703)
Deferred taxation movement (37,588)
Taxes payable 104,905 25,501
Net cash provided by (used in) operating activities 246,940 (383,358)
Investing activities    
Purchase of property and equipment (213,726)
Other investments (498,020)
Net cash used in investing activities (213,726) (498,020)
Financing activities    
Repayment of mortgage loans (59,761) (58,449)
Proceeds from convertible notes 1,262,149
Repayment of convertible notes (278,467) (709,778)
Proceeds from promissory notes 160,000
Proceeds from federal assistance loans 173,406
Repayment of third party loans (78,646)
Repayment of finance leases (3,661)
Proceeds from receivables funding 195,500
Repayment of receivables funding (15,000)
Proceeds  from related party payables 207,294 23,974
Net cash provided by financing activities 127,259 691,302
Effect of exchange rate on cash (140,150) 133,230
Net change in cash 20,323 (56,846)
Beginning cash balance 48,822 90,500
Ending cash balance 69,145 33,654
Supplemental cash flow information    
Cash paid for interest 86,733 303,336
Cash paid for income taxes
Non-cash investing and financing activities    
Conversion of convertible notes 150,000
Fair value of warrants issued $ 908,126