Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (1,777,447) $ (807,568)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 1,279
Amortization expense 15,305 600
Stock issued for services 211,500
Accretion of debt discount 286,391 210,836
Accretion of original issuance costs 44,683 24,875
Changes in operating assets and liabilities:    
Prepaid expenses
Other current assets (27,509)
Other assets (20,711)
Accounts payable 16,869 180
Accrued payroll and payroll taxes (15,273) 22,021
Other current liabilities 43,692
Net cash used in operating activities (1,221,221) (549,056)
Cash flows from investing activities:    
Purchase of property and equipment (20,205)
Website development costs (10,799)
Net cash used in investing activities (20,205) (10,799)
Cash flows from financing activities:    
Proceeds from short-term convertible notes 250,000 925,000
Repayment of short-term convertible notes (55,000)
Common stock issued for cash 1,465,000
Net cash provided by financing activities 1,660,000 925,000
Net increase in cash 418,574 365,145
Cash at beginning of period 84,402
Cash at end of period 502,976 365,145
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 148,028 223,560
Original issue discount issued in conjunction with debt 30,000 85,500
Common stock issued to third parties in conjunction with conversion of debt 110,000
Issuance of common stock in conjunction with cashless exercise of warrants $ 6