Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities:    
Net loss $ (28,161,037) $ (296,011)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 33,227 0
Loss on debt extinguishment, net 269,144 0
Change in fair value of derivative liability (60,650) (3,200)
Amortization of interest - beneficial conversion feature 1,407,675 17,763
Stock warrants expense 8,656 15,093
Stock options expense 296,932 0
Stock-based compensation expense 41,302 0
Impairment loss 25,320,555 0
Changes in assets and liabilities:    
Related party receivables (6,446) 0
Prepaid expenses (434) 2,025
Other assets (8,680) 0
Accounts payable 123,736 (28,617)
Accrued expenses 39,644 (1,428)
Accrued interest payable (47,675) 78,767
Related party payables (21,740) 45,913
Stock subscriptions payable 0 787
Net cash used in operating activities (765,791) (168,908)
Financing Activities:    
Proceeds from notes payable - related parties 0 74,750
Proceeds from notes payable - non-related parties 41,665 60,000
Proceeds from issuances of common stock - non-related parties 0 39,000
Proceeds from offering of preferred stock - related parties 770,000 0
Net cash provided by financing activities 811,665 173,750
Net Change In Cash 45,874 4,842
Cash At The Beginning Of The Period 681,759 89
Cash At The End Of The Period 727,633 4,931
Schedule Of Non-Cash Investing And Financing Activities:    
Gain on related party payables converted to capital 272,299 15,522
Accounts payables and accrued expenses converted to capital 265,677 0
Related party payables converted to capital 579,814 0
Related party debt converted to capital after exercise of cashless stock warrants 65,728 0
Related party debt converted to capital 826,964 0
Non-related party debt converted to capital 166,526 0
Gain on related party debt converted to capital 124,291 0
Shares issued for cash received in prior years 20,800  
Fair value of stock warrants granted 0 35,030
Fair value of embedded conversion feature $ 0 $ 56,100
Issuance of common stock, stock warrants and convertible note for asset purchase 29,222,955
Intrinic Value Beneficial Conversion Feature $ 1,407,501 $ 0
Supplemental Disclosure:    
Cash paid for interest 765 3,750
Cash paid for income taxes $ 0 $ 0