XML 19 R6.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities    
Net loss $ (533,660) $ (514,916)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:    
Impairment of intangible assets 0 69,178
Depreciation and amortization 0 5,633
Amortization of debt issuance costs 13,530 7,254
Amortization of debt discount 59,327 0
Stock based compensation   80,000
Changes in operating assets and liabilities    
Accounts receivable with related party and prepaid expenses (17,540) 3,406
Accounts payable and accrued expenses (23,679) 61,996
Cash Used In Operating Activities (502,022) (287,449)
Cash Flows from Financing Activities    
Proceeds from convertible notes payable, related parties and stockholders 125,000 200,000
Proceeds from convertible notes payable 761,000 125,000
Payments for debt issuance costs (11,625) (26,000)
Proceeds from warrant exercise 3,000 0
Payment for stock repurchase from related party (300,000) 0
Cash Provided by Financing Activities 577,375 299,000
Net Change in Cash 75,353 11,551
Cash at Beginning of Period 20,033 8,482
Cash at End of Period 95,386 20,033
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 62,438 25,871
Cash paid during the period for income taxes 0 0
Non-cash Financing Activities    
Beneficial conversion feature on convertible notes payable 712,500 0
Conversion of convertible note payable with related party and accrued interest $ 26,072 $ 0