General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.21.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
CONSOLIDATED STATEMENTS OF CASH FLOWS        
Net loss $ (4,566,567) $ (28,898,637) $ (29,982,292) $ (1,252,157)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 289,098 133,571 232,194 0
Loss on debt extinguishment, net 0 269,144 224,166 0
Loss on disposal of property and equipment     39,434 0
Change in fair value of derivative liability 0 (60,650) (60,650) (4,150)
Interest expense-embedded conversion feature     0 64,800
Amortization-debt discount     8,656 5,920
Amortization of interest - beneficial conversion feature 222,373 1,407,675 1,407,675 5,589
Amortization of interest 275,052 8,656    
Stock warrants expense     219,670 159,961
Stock options expense 399,259 343,549 239,478 95,567
Stock-based compensation expense 334,228 41,302 54,283 44,082
Asset impairment adjustment 0 25,320,555 25,320,555 0
Changes in assets and liabilities:        
Prepaid expenses (19,361) 994 3,515 3,937
Other assets (7,146) (8,680) (8,680) 0
Accounts payable 604,834 140,906 113,158 22,166
Accrued expenses (6,961) (83,495) (4,666) (1,165)
Accrued interest payable (58,733) (6,697) 26,677 160,772
Related party payables (780) (51,976) (24,706) 72,369
Stock subscriptions payable 138,069 0 0 78,353
Net cash used in operating activities (2,277,609) (1,443,783) (2,191,533) (543,956)
Investing Activities:        
Proceeds from disposal of property and equipment     951 0
Financing Activities:        
Proceeds from notes payable - related parties 1,030,000 0 0 186,626
Repayments of notes payable - related parties (30,000) 0    
Proceeds from notes payable - non-related parties 1,005,000 41,665 41,665 0
Proceeds from issuances of common stock - non-related parties     0 39,000
Proceeds from convertible debenture 2,500,000      
Debt issuance costs (275,000)      
Proceeds from offering of preferred stock - related parties 0 1,700,000 1,700,000 1,000,000
Net cash provided by financing activities 4,230,000 1,741,665 1,741,665 1,225,626
Net Change In Cash 1,952,391 297,882 (448,917) 681,670
Cash At The Beginning Of The Period 232,842 681,759 681,759 89
Cash At The End Of The Period 2,185,233 979,641 232,842 681,759
Schedule Of Non-Cash Investing And Financing Activities:        
Prepaid expenses with common shares 49,600   122,162 0
Shares to be issued for accrued dividends 107,880   107,880 0
Intrinsic value-beneficial conversion feature 909,214 1,407,501 1,407,501 5,589
Fair value of stock warrants granted 1,939,756 0 0 160,544
Gain on related party payables converted to capital 0 272,299 272,299 575,492
Accounts payables and accrued expenses converted to capital 0 265,677 265,677 0
Related party payables converted to capital 0 579,814 579,814 59,500
Related party debt converted to capital after exercise of cashless stock warrants 0 65,728 65,728 0
Related party debt converted to capital 0 826,964 2,378,478 0
Non-related party debt converted to capital 0 166,526 166,526 0
Gain on related party debt converted to capital 0 124,291 124,291 0
Shares issued for cash received in prior years 0 $ 20,800 $ 1,000,000 0
Issuance of common stock, stock warrants and convertible note for asset purchase   29,222,955 29,222,955  
Shares issued for executive compensation in prior year     $ 76,480 0
Gain on related party conversion of preferred stock into common stock     0 1,329,561
Convertible debenture payable discount 823,781 $ 0    
Fair value of embedded conversion feature 980,000 0 0 64,800
Fair value of stock options granted     0 95,567
Exercise of cashless stock warrants     0 146,774
Preferred stock dividend accrued   161,880    
Supplemental Disclosure:        
Cash paid for interest 67,618 765 1,979 3,750
Cash paid for income taxes $ 0 $ 0 $ 0 $ 0