XML 16 R6.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 Income (loss) $ (4,873,056) $ (1,941,274)
Net loss from discontinued operations   15,797
Adjustments to reconcile    
Discount amortization 10,583 56,350
Impairment of investments 25,000
Loss on derivative liability 2,011,881
Non cash interest expense 16,142 54,659
Legal Settlement 31,980
Share professional fees 165,435
Share based compensation 400,349 342,984
Gain (Loss) on the settlement of debt (62,500)
Gain on settlement of derivative liabilities   (24,786)
Depreciation expense 4,711
Changes in operating assets and liabilities    
Inventories (191,177)  
Prepaid expenses and other current assets (10,830)  
Advances to suppliers 54,599
Accounts payable and accrued expenses (8,205) (451,874)
Due to Related party (80,000) 187,500
Net cash used by operating activities (2,782,102) (1,483,630)
Net cash provided by (used in) operating activities of discontinued operations   102,627
Net cash used in operations (2,782,102) (1,381,003)
Cash Flows from investing activities    
Purchase of fixed assets (36,048)
Net cash used by investing activities (36,048)
Cash Flows from Financing Activities    
Proceeds from subscription 1,367,115 1,011,113
Proceeds from convertible notes (net) 1,865,000 850,100
Payments on convertible notes payable (515,377) (369,000)
Net cash provided by financing activities 2,716,738 1,492,213
Net cash used in finance 2,716,738 1,492,213
Net increase (decrease) in cash (101,412) 111,210
Cash, beginning of period 114,325 3,115
Cash, end of period 12,913 114,325
Supplemental disclosure of cash flow information    
Cash paid for interest 38,048 (54,659)
Cash paid for tax
Non-Cash investing and financing transactions    
Conversion of debt for common stock 306,858 10,000
Settlement of derivative liability $ 500,422