XML 19 R7.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,826,320) $ (275,842)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation and amortization 129,493 86,607
Stock based compensation 602,750 0
Gain on extinguishment of debt (3,488,860) (67,227)
Amortization of debt discount 515,975 51,739
Derivative liability (687,124) (54,624)
Changes in operating assets and liabilities:    
Accounts receivable 771,432 0
Inventory 1,175,869 0
Unbilled revenue 822,031 0
Contract liability (922,631) 0
Accounts payable and accrued expenses (2,041,131) 269,589
Operating lease liabilities 2,451,692 0
Other current liabilities (3,672,703) 0
Net cash used by operating activities (11,363,470) 8,192
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (754,961) 0
Business acquisitions, net of cash received (583,319) 0
Capitalized patents (191,420) (4,969)
Deposits (159,453) 0
Net cash used by investing activities (1,689,153) (4,969)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of common stock 14,593,327 0
Proceeds from convertible debentures 1,102,700 40,000
Repayments of convertible debentures (384,600) 0
Proceeds from related party notes payable 0 (44,096)
Proceeds from notes payable 2,000,000 0
Net cash provided by financing activities 17,311,427 (4,096)
NET INCREASE (DECREASE) IN CASH 4,258,804 (873)
Effect of exchange rate on cash (600,295) 0
CASH, beginning of year 337 1,210
CASH, end of year 3,658,846 337
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 0 0
Income taxes $ 0 $ 0