v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities:    
Net loss $ (5,569,683) $ (1,002,434)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization 96,366 96,366
Amortization of interest - conversion features 580,221 9,542
Amortization of interest 423,782 0
Loss on extinguishment of debt 864,000 0
Change in fair value of derivative liability 340,000 0
Stock warrants expense 540,176 13,472
Stock options expense 491,441 105,013
Stock-based compensation expense 442,784 18,690
Changes in assets and liabilities:    
Accounts Receivable (500) 0
Due from related parties 0 (2,792)
Inventory (65,489) 0
Prepaid expenses (16,733) 5,559
Accounts payable 96,886 65,317
Accrued expenses 931,796 (30,566)
Accrued interest payable 57,696 (42,950)
Related party payables 12,437 7,533
Stock subscriptions payable 0 88,469
Net cash used in operating activities (774,820) (668,781)
Financing Activities:    
Proceeds from notes payable - related parties 0 530,000
Proceeds from notes payable - non-related parties 0 600,000
Net cash provided by financing activities 0 1,130,000
Net Change In Cash (774,820) 461,219
Cash At The Beginning Of The Period 882,268 232,842
Cash At The End Of The Period 107,448 694,061
Schedule Of Non-Cash Investing And Financing Activities:    
Non-related party debt converted to capital 47,500 0
Issuance of common stock for rent 0 49,600
Issuance of common stock for prior year accrued dividends 0 107,880
Issuance of common stock to settle prior year stock subscriptions payable 0 909,214
Intrinsic value-beneficial conversion feature 0 1,939,756
Conversion of common stock to preferred stock 30 0
Relative fair value of stock warrants granted 0 823,781
Convertible debenture payable discount 0 980,000
Supplemental Disclosure:    
Cash paid for interest 4,816 57,378
Cash paid for income taxes $ 0 $ 0

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