XML 96 R6.htm IDEA: XBRL DOCUMENT v3.24.2
Consolidated Statement of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:    
Net loss $ (10,102,266) $ (2,907,828)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 8,966,850 2,100,000
Loss on disposition of digital currency and digital currency assets 0 2,029
Impairment loss on digital assets 0 6,125
Non-cash lease expenses 71,349 44,647
Depreciation and amortization 248,510 15,862
Changes in operating assets and liabilities:    
Accounts receivable (427,433) 0
Inventory 101,092 (114,645)
Digital currency 0 (46,976)
Prepaid expense (10,431) (240)
Related party advances funding operating expense 246,425 155,919
Accounts payable and accrued liabilities (32,827) 76,657
Operating lease liabilities (70,849) (40,000)
Net Cash used in Operating Activities (1,211,764) (708,450)
Cash Flows from Investing Activities:    
Purchase of equipment (4,015) (5,350)
Share capital - Mighty Fire Breaker UK Limited 0 1
Net Cash used in Investing Activities (4,015) (5,349)
Cash Flows from Financing Activities:    
Proceed from convertible note 0 35,000
Proceeds from loan - related party 307,500 784,484
Repayment of loan- related party (125,000) (55,720)
Proceed from issuance Series C Preferred Stock 907,600 0
Proceed from stock subscription 500,000 0
Proceeds from promissory note 120,000 0
Net Cash provided by Financing Activities 1,710,100 763,764
Change in cash 494,321 49,965
Cash, beginning of period 55,434 5,469
Cash, end of period 549,755 55,434
Supplemental Disclosure Information:    
Cash paid for interest 0 0
Cash paid for taxes 0 0
Non-Cash Financing Disclosure:    
Issuance of common stock for services 146,850 70,000
Common stock to be issued - management 180,000 0
Issuance of Series C Convertible Preferred stock for acquisition of Mighty Fire Breaker 0 4,200,000
Common stock issued upon conversion of Series C Convertible Preferred stock 300 1,000
Debt forgiveness - related party 0 9,355
Reclassification of due to related party to convertible note 19,000 0
Contribution inventory - related party 14,460 0
Issuance Series C Convertible Preferred stock for services - related party 8,640,000 0
Repayments of related party loans using digital currency 0 47,350
Right -of-use assets obtained in exchange for new operating lease liabilities $ 161,665 $ 0