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

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:        
Net loss $ (2,064,160) $ (1,344,371) $ (2,929,817) $ (3,004,619)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation expense 3,430 3,423 6,854 2,946
Amortization expense 1,800 1,800 3,600 16,205
Stock issued for services     249,100
Stock based compensation 75,000    
Accretion of debt discount 1,088,849 160,854 646,302 368,205
Accretion of original issuance costs 102,776 41,455 135,812 61,283
Modification of warrants (224,362)    
Interest expense converted to notes payable     30,800
Impairment of assets     536,047
Changes in operating assets and liabilities:        
Other current assets (43,220) (45,631) (9,867) (2,075)
Other assets     (20,711)
Accounts payable 12,427 259,464 287,843 23,669
Accrued payroll and payroll taxes 156,278 68,698 29,052 (58,635)
Other current liabilities (85) (21) 23,603
Net cash used in operating activities (891,267) (854,308) (1,830,242) (1,774,182)
Cash flows from investing activities:        
Purchase of property and equipment (859) (860) (29,264)
Net cash used in investing activities (859) (860) (29,264)
Cash flows from financing activities:        
Proceeds from short-term convertible notes 882,000 525,000 1,567,000 250,000
Advance from shareholder 30,000    
Repayment of short-term convertible notes     (55,000)
Common stock issued for cash     1,865,000
Fees associated with filing of Form S-1 (5,456) (3,498) (68,498)
Net cash provided by financing activities 906,544 521,502 1,498,502 2,060,000
Net (decrease) increase in cash 15,277 (333,665) (332,600) 256,554
Cash at beginning of period 8,356 340,956 340,956 84,402
Cash at end of period 23,633 7,291 8,356 340,956
Cash paid during the period for:        
Interest
Income taxes
Non-cash investing and financing activities:        
Beneficial conversion feature in conjunction with debt issuance 303,984 273,700 101,972
Amortization of warrants issued in connection with a debt modification 97,939 147,720
Warrants issued to third parties in conjunction with debt issuance 578,016 331,353 793,039 188,069
Original issue discount issued in conjunction with debt 88,200 52,500 156,700 126,030
Common stock issued to third parties in conjunction with conversion of debt 198,000 $ 145,104 $ 236,715
Conversion of common stock for Series A preferred stock $ 611