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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 15 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities    
Net loss $ (7,167,530) $ (1,916,254)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 4,350,643 636,269
Unrealized (gain) loss on equity security 73,500 (368,868)
Realized gain on sale of digital currency (49,918)
Amortization of operating lease right of use asset 11,864 10,731
Depreciation and amortization 1,078,429 626,777
Amortization of capitalized software 39,286 39,286
Amortization of debt premium (18,832)
Unrealized (gain) loss on derivative asset 1,020,494 (2,266,654)
Amortization of debt discount 1,512,174
Changes in operating assets and liabilities    
Decrease (increase) in prepaid expenses and other current assets (2,329,318) 602,120
Decrease (increase) in contract assets 3,197 28,560
(Increase) decrease in contract liabilities, net (595) 111,433
Increase in accounts receivable (463,199) 70,210
Increase (decrease) in accounts payable (2,366,531) 221,051
Increase in digital currency (733,410)
Decrease in lease liability (23,740) (10,491)
Increase in inventory (276,750) (145,932)
Increase (decrease) in due to related parties (16,966)
Net cash used in operating activities (6,833,578) (885,386)
Cash Flows from investing    
Proceeds from sale of digital currencies 375,887
Investment in infrastructure development (2,830,560)
Purchase of fixed assets (19,082) (9,447)
Cash acquired from ATL acquisition 45,783
Investment in debt and equity securities (500,000)
Net cash used in investing activities (2,427,972) (509,447)
Cash Flows from Financing Activities    
Payments on promissory notes (5,475,000) (67,467)
Proceeds from exercise of warrants 192,656
Proceeds from underwritten offering 37,049,605
Net cash received/(used) in financing activities 31,767,261 (67,467)
Net increase (decrease) in Cash 22,507,711 (1,462,300)
Cash, beginning of period 3,126,202 7,838,857
Cash, end of period 25,631,913 6,376,557
Supplemental disclosure of cash flow information    
Cash paid for interest
Cash paid for tax
Non-cash investing and financing transactions    
Day one recognition of right of use asset and liability 85,280
Shares and options issued for business acquisition 21,183,351
Cashless exercise of options/warrants $ 74