Cash Flow

v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOW FROM OPERATING ACTIVITIES:    
Net loss $ (876,112) $ (2,948,486)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 26,030 17,584
Fair value of shares issued for services 377,742 688,083
Fair value of vested options 70,994
Fair value of vested restricted shares 104,294 160,179
Fair value of Series B preferred shares issued to officer 1,522,198
Amortization of convertible note discount 80,280 24,360
Amortization of note payable discount 7,050 7,050
Amortization of right-of-use asset 21,187 20,383
Fees paid through conversion of convertible notes 12,983
Net loss attributable to noncontrolling interest (73,042) (136,161)
Changes in operating assets and liabilities:    
Accounts receivable (126) 685
Accounts receivable, related party (198,800)
Allowance for doubtful accounts 49,700
Deferred expenses, related party 134,704
Inventories 24,872 (24,789)
Prepaid production costs (100,000)
Accounts payable and accrued liabilities 83,046 (55,300)
Deferred revenue (3,554) (7,816)
Operating lease liabilities (21,166) (19,667)
Net cash used in operating activities (249,499) (782,116)
CASH FLOW FROM INVESTING ACTIVITIES:    
Purchase of equipment (12,980)
Net cash used in investment activities (12,980)
CASH FLOW FROM FINANCING ACTIVITIES:    
Proceeds from convertibles notes payable 177,000 175,000
Proceeds from notes payable 159,500 10,000
Principal payments on convertible notes payable (46,860) (96,649)
Principal payments on notes payable (55,797)
Proceeds from shares issued for cash 1,014,000
Net cash provided by financing activities 233,843 1,102,351
Increase (decrease) in cash (15,656) 307,255
Cash and cash equivalents, beginning of period 23,442 6,270
Cash and cash equivalents, end of period 7,786 313,525
Supplemental Disclosures of Cash Flow Information:    
Cash paid for taxes
Cash paid for interest
Non-cash investing and financing activities    
Adjustment for adoption of ASU 2020-06 503,053
Common shares issued for conversion of convertible notes $ 396,458

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