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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net loss $ (1,711,883) $ (793,140)
Adjustments to reconcile net loss to net cash flows from operating activities    
Depreciation and amortization 409,368 40,721
Stock-based compensation 219,718 55,828
Gain on investments (105,919) (13,494)
PPP loan forgiveness (74,268)
Deferred income taxes (987,353) 31,907
Changes in operating assets and liabilities:    
Accounts receivable 6,845 33,594
Prepaid expenses (37,574) (811)
Accounts payable and accrued expenses (16,251) 19,415
Net cash used in operating activities (2,297,317) (625,980)
Cash flows from investing activities:    
Proceeds from sale of investment 147,613
Net cash provided by investing activities 147,613
Cash flows from financing activities:    
Proceeds from issuance of notes payable 2,095,831
Proceeds from EIDL and PPP loans 224,268
Proceeds from issuance of preferred stock 540,015
Net cash provided by financing activities 2,320,099 540,015
Net change in cash 170,395 (85,965)
Cash, beginning of period 45,441 131,406
Cash, end of period 215,836 45,441
Supplemental cash flow information    
Preferred stock dividend accrual $ 285,567 $ 269,379