Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net loss $ (1,111,543) $ (511,578)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 847
Amortization expense 14,406
Stock issued for services 164,500
Accretion of debt discount 236,644 127,921
Accretion of original issuance costs 30,986 14,772
Changes in operating assets and liabilities:    
Prepaid expenses (45,325)
Other current assets (27,370)
Other assets (20,711)
Accounts payable 24,661 (579)
Accrued payroll and payroll taxes 5,020 67,700
Other current liabilities 1,026
Net cash used in operating activities (681,534) (347,089)
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 finacing activities:    
Proceeds from short-term convertible notes 250,000 450,005
Repayment of short-term convertible notes (55,000)
Common stock issued for cash 1,465,000
Net cash provided by financing activities 1,660,000 450,005
Net increase in cash 975,595 101,617
Cash at beginning of period 84,402
Cash at end of period 1,059,997 101,617
Cash paid during the period for:    
Interest
Income taxes
Non-cash investing and financing activities:    
Beneficial conversion feature in conjunction with debt issuance 101,972
Warrants issued to third parties in conjunction with debt issuance 148,028 323,752
Original issue discount issued in conjunction with debt 25,000 34,995
Common stock issued to third parties in conjunction with conversion of debt $ 110,000