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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities:    
Net income (loss) $ (1,698,574) $ (2,700,201)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation of finance lease 8,928 4,869
Amortization of debt discount 9,566 0
Amortization of discount - PIK Notes 315,573 299,426
Accrued interest on PIK Notes 1,238,435 1,036,691
Stock issued for settlement of liabilities 128,445 0
Stock based compensation expense 162,006 213,199
Non-cash lease expense 28,111 80,518
Gain on sale of obsolete equipment (50,000) 0
Gain on sale of iron oxide assets (1,938,000) 0
Stock issued for interest 0 8,379
Gain on forgiveness of PPP loan 0 (223,075)
Change in operating assets and liabilities:    
Accounts receivable (58,266) 43,302
Deposits and prepaids 180,555 158,493
Operating lease liabilities (29,085) (82,584)
Financing lease liabilities (9,076) 0
Accounts payable and accrued liabilities 271,591 187,151
Net cash (used in) provided by operating activities (1,439,791) (973,832)
Cash Flows from Investing Activities:    
Proceeds from sale of equipment 50,000 0
Proceeds from sale of iron oxide assets 1,938,000 0
Net cash provide by (used in) investing activities 1,988,000 0
Cash Flows from Financing Activities:    
Payments on finance lease liability (5,882) (6,029)
Proceeds from notes payable 200,000 0
Proceeds from Paycheck Protection Program loan 0 264,472
Payments on notes payable (90,917) 0
Proceeds from private placement of Series B Preferred Stock 75,000 385,000
Proceeds from sale of shares of common stock, net of issuance costs 42,000 0
Payments on insurance financing (112,835) (133,081)
Net cash provided by (used in) financing activities 107,366 510,362
Net change in cash 655,575 (463,470)
Cash at beginning of period 74,253 669,560
Cash at end of period 729,828 206,090
Supplemental disclosure of cash flow information:    
Cash paid for interest 31,470 6,037
Cash paid for income taxes 0 0
Supplemental disclosure of non-cash financing activity:    
Capitalization of ROU asset and finance lease liability 0 51,733
Boral settlement payable (8,235) 0
Forgiveness of related party liabilities 1,991,061 0
Deemed dividend on convertible Preferred Stock Series B due to BCF 77,876 225,137
Accrued PIK interest paid through issuance of PIK Notes 986,774 943,990
Stock issued for cashless options exercised 1,740 3,836
Common stock issued upon conversion of Series B Preferred Stock $ 96,798 $ 0