XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Consoolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
 CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,112,079) $ (3,501,963)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 1,205,334 617,978
Bad debts 92,875
Write-off of due from related party 7,648 43,375
Depreciation and amortization 66,924 49,318
Amortization of debt discount 435,956 1,497,268
Change in fair value of derivative liabilities (317,080) (1,350,513)
Loss on settlement of debt 528,794 48,245
Prepayment and Default penalty 122,020 245,546
Changes in operating assets and liabilities:    
Accounts receivable (943,615) 434,752
Prepaid and other current assets (108,338) 26,762
Accounts payable (239,857) (221,583)
Other current liabilities (131,752) 491,427
Net cash used in operating activities (2,486,045) (1,526,513)
 CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of subsidiary, net of cash acquired (60,000) 15,781
Purchase of property and equipment (74,799) (78,306)
Purchase of intangible assets (27,824)
Payment of loan receivable - related party (215,674) (17,187)
Collection of due from related parties 226 388
Net cash used in investing activities (378,071) (79,324)
 CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from loans payable 400,000 933,280
Repayments of loans payable (331,150) (607,447)
Proceeds from loans payable - related parties 20,182
Repayment of loans payable - related parties (90,787) (20,197)
Common stock issued 3,586,250 715,004
Proceeds from convertible notes 1,420,000
Repayment of convertible notes (250,000) (492,190)
Net cash provided by financing activities 3,314,313 1,968,632
 Effect of exchange rate changes on cash (12,709) 14,036
 Net change in cash and cash equivalents 437,488 376,831
 Cash and cash equivalents, beginning of period 753,316 270,503
 Cash and cash equivalents, end of period 1,190,804 647,334
 Supplemental cash flow information    
Cash paid for interest 117,198 641,390
Cash paid for taxes
 Non-cash transactions:    
Derivative liabilities recognized as debt discount 1,006,642
Common stock issued for conversion of debt 422,295 767,431
Cashless warrant exercised 3,233
Resolution of derivative liabilities 708,611 3,742,060
Related party debt forgiveness 807,103
Common stock issued for settlement of debt 2,056,530 365,678
Amount owing for acquisition of IOT 60,000
Common stock issued for forbearance of debt 49,925 2,900
Replacement of convertible notes to note payable 1,000,000
Preferred stock issued for conversion of common stock $ 21,000