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

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating Activities:    
Net Loss $ (7,870,378) $ (29,982,292)
Adjustments To Reconcile Net Loss To Net Cash Used In Operating Activities:    
Depreciation And Amortization 385,464 232,194
Loss On Debt Extinguishment, Net 0 224,166
Loss On Disposal Of Property And Equipment 0 39,434
Change In Fair Value Of Derivative Liability 60,000 (60,650)
Amortization Of Interest - Conversion Features 835,081 1,407,675
Amortization Of Interest 1,231,661 8,656
Stock Warrants Expense 0 219,670
Stock Options Expense 723,262 239,478
Stock-based Compensation Expense 473,748 54,283
Asset Impairment Adjustment 0 25,320,555
Changes In Assets And Liabilities:    
Inventory (39,461) 0
Prepaid Expenses 42,585 3,515
Other Assets (21,896) (8,680)
Accounts Payable 168,842 113,158
Accrued Expenses 150,865 (4,666)
Accrued Interest Payable 117,666 26,677
Related Party Payables 54,259 (24,706)
Net Cash Used In Operating Activities (3,688,302) (2,191,533)
Investing Activities:    
Proceeds From Disposal Of Property And Equipment 0 951
Financing Activities:    
Proceeds From Notes Payable - Related Parties 1,030,000 0
Repayments Of Notes Payable - Related Parties (30,000) 0
Proceeds From Notes Payable - Non-related Parties 1,005,000 41,665
Proceeds From Convertible Debenture Payable 2,500,000 0
Debt Issuance Costs (275,000) 0
Proceeds From Exercise Of Stock Warrants 88,470 0
Proceeds From Exercise Of Stock Options 19,258 0
Proceeds From Offering Of Preferred Stock - Related Parties 0 1,700,000
Net Cash Provided By Financing Activities 4,337,728 1,741,665
Net Change In Cash 649,426 (448,917)
Cash At The End Of The Period 882,268 232,842
Cash At The Beginning Of The Period $ 232,842 681,759
Schedule Of Non-cash Investing And Financing Activities:    
Issuance Of Common Stock For Rent 49,600  
Issuance Of Common Stock For Prior Year Accrued Dividends $ 107,880 107,880
Issuance Of Common Stock To Settle Prior Year Stock Subscriptions Payable 145,805 0
Intrinsic Value-beneficial Conversion Feature 909,214 1,407,501
Relative Fair Value Of Stock Warrants Granted 1,939,756 0
Convertible Debenture Payable Discount 823,781 0
Fair Value Of Embedded Conversion Feature 980,000 0
Gain On Related Party Payables Converted To Capital 0 272,299
Accounts Payable And Accrued Expenses Converted To Capital 0 265,677
Related Party Payables Converted To Capital 0 579,814
Related Party Debt Converted To Capital After Exercise Of Cashless Stock Warrants 0 65,728
Related Party Debt Converted To Capital 0 2,378,478
Non-related Party Debt Converted To Capital 0 166,526
Gain On Related Party Debt Converted To Capital 0 124,291
Issuance Of Common Stock, Stock Warrants And Convertible Note For Asset Purchase 0 29,222,955
Prepaid Expenses With Common Shares 0 122,162
Shares Issued For Cash Received In Prior Years 0 $ 1,000,000
Shares Issued For Executive Compensation In Prior Year   76,480
Supplemental Disclosure:    
Cash Paid For Interest 72,762 $ 1,979
Cash Paid For Income Taxes $ 0 $ 0