Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (678,046) $ (461,682)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 1,704 344
Amortization expense 900 10,354
Stock issued for services 82,250
Accretion of debt discount 52,257 50,860
Accretion of original issuance costs 16,522 8,726
Changes in operating assets and liabilities:    
Other current assets (10,170)
Accounts payable 156,473 28,055
Accrued payroll and payroll taxes 5,007
Other current liabilities 789 1,662
Net cash used in operating activities (459,571) (274,424)
Cash flows from investing activities:    
Purchase of property and equipment (2,871)
Net cash used in investing activities (2,871)
Cash flows from financing activities:    
Proceeds from short-term convertible notes 200,000 200,000
Net cash provided by financing activities 200,000 200,000
Net decrease in cash (259,571) (77,295)
Cash at beginning of period 340,956 84,402
Cash at end of period 81,385 7,107
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
Amortization of warrants issued in connection with a debt modification 48,699
Warrants issued to third parties in conjunction with debt issuance 162,362 113,910
Original issue discount issued in conjunction with debt $ 20,000 $ 85,495