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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Cash flows from operating activities:          
Net (loss) $ (4,151,074) $ (433,375) $ (6,346,837) $ (915,173) $ (6,289,205)
Stock Based compensation     3,663,350 47,159  
Adjustments to reconcile net income to net cash provided by (used in) operating activities          
Due from third party     400  
Prepaid expenses     24,648 (25,000)  
Right of Entry asset     29,157 10,152  
Accounts receivable     (160,012) (44,572)  
Inventory     (29,138) (36,857)  
Security deposits and other assets     (1,390)  
Accounts payable     (290,663) (2,953)  
Accrued liabilities     43,507 61,203  
Lease liability     (30,138) (9,905)  
Legal fees     25,000  
Net cash (used in) operating activities     (3,237,054) (849,345) 2,732,736
Cash flows from investing activities:          
Purchase of fixed assets     (51,646) (44,000)  
Net cash paid in acquisition     (245,391)  
Net cash (used in) investing activities     (51,646) (289,391)  
Cash flows from financing activities:          
Proceeds from convertible debt     2,967,500 825,000  
Covid -19 SBA Loan     84,578  
Net cash provided by financing activities     2,967,500 909,578  
Net increase (decrease) in cash and cash equivalents     (321,200) (229,158)  
Cash and cash equivalents at the beginning of the period     4,262,168 531,026 531,026
Cash and cash equivalents at the end of the period $ 3,940,968 $ 301,868 3,940,968 301,868 $ 4,262,168
SUPPLEMENTAL CASH FLOW INFORMATION:          
Cash paid for interest      
Cash paid for income taxes      
Acquisition of Magical Beasts, LLC (see note 12)     1,111,648  
Common stock issued in conversion of promissory notes     560,496  
Fair value of warrants issued and beneficial conversion feature in connection with convertible promissory notes     1,446,531  
Cashless exercise of options     $ 222