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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities:    
Net loss $ (2,700,201) $ (2,440,080)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation 4,869 0
Amortization of discount – notes payable 0 3,568
Amortization of discount - PIK Notes 299,426 284,107
Amortization of deferred financing costs 0 41,930
Accrued interest on PIK Notes 1,036,691 1,026,249
Stock based compensation expense 213,199 14,412
Non-cash lease expense 80,518 474
Change in fair value 0 23,000
Stock issued for interest 8,379 0
Gain on forgiveness of PPP loan (223,075) 0
Change in operating assets and liabilities:    
Operating lease liabilities (82,584) 0
Accounts receivable 43,302 (43,475)
Deposits and prepaids 158,493 260,371
Accounts payable and accrued liabilities 187,151 969,099
Net cash (used in) provided by operating activities (973,832) 139,655
Cash Flows from Financing Activities:    
Payments on finance lease liability (6,029) 0
Proceeds from notes payable 0 113,750
Proceeds from Paycheck Protection Program Loan 264,472 223,075
Payments on notes payable 0 (371,625)
Proceeds from private placement 385,000
Payments on insurance financing (133,081) (208,731)
Net cash provided by (used in) financing activities 510,362 (118,531)
Net change in cash (463,470) 21,124
Cash at beginning of period 669,560 52,793
Cash at end of period 206,090 73,917
Supplemental disclosure of cash flow information:    
Cash paid for interest 6,037 3,739
Cash paid for income taxes 0 0
Supplemental disclosure of non-cash financing activity:    
Capitalization of ROU asset and finance lease liability 51,733 0
Deemed dividend on convertible Preferred Stock Series B due to BCF 225,137 23,187
Accrued PIK interest paid through issuance of PIK Notes 943,990 750,580
Stock issued for cashless options exercised 3,836 0
Common stock issued to note holders for financing cost $ 0 $ 1,250