Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (461,682) $ (251,182)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 344
Amortization expense 10,354
Stock issued for services 82,250
Accretion of debt discount 50,860 52,162
Accretion of original issuance costs 8,726 6,041
Changes in operating assets and liabilities:    
Prepaid expenses (45,325)
Accounts payable 28,055 753
Accrued payroll and payroll taxes 5,007 25,300
Other current liabilities 1,655
Net cash used in operating activities (274,424) (212,251)
Cash flows from investing activities:    
Purchase of property and equipment (2,871)
Website development costs (1,299)
Net cash used in investing activities (2,871) (1,299)
Cash flows from financing activities:    
Proceeds from short-term convertible notes 200,000 350,005
Net cash provided by financing activities 200,000 350,005
Net (decrease) increase in cash (77,295) 136,455
Cash at beginning of period 84,402
Cash at end of period 7,107 136,455
Cash paid during the period for:    
Interest
Income taxes
Non-cash investing and Financing activities:    
Beneficial conversion feature in conjunction with debt issuance 86,090
Warrants issued to third parties in conjunction with debt issuance 113,910 302,204
Original issue discount issued in conjunction with debt $ 85,495 $ 34,995