XML 79 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consoolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
 CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,544,103) $ (320,466)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 77,665 18,130
Bad debt expense 1,801
Depreciation and amortization 68,939 68,488
Amortization of debt discount 468,797 7,226
Change in fair value of derivative liabilities 1,115,510 (342,575)
Loss on settlement of debt 102,660
Changes in operating assets and liabilities:    
Accounts receivable 12,944,081 (589,928)
Inventory 185 (1,995)
Prepaid and other assets (500,544) (75,867)
Due from related parties 46,631
Accounts payable (9,519,447) 1,144,422
Accrued and other current liabilities (5,367,232) (675,466)
Net cash used in operating activities (3,151,688) (721,400)
 CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of subsidiary, net of cash received (2,505,121)
Purchase of property and equipment (103,474) (132,249)
Purchase of intangible assets (149,537)
Advances of loan receivable - related party (111,602)
Collection of amounts due from related parties 2,700
Net cash used in investing activities (2,720,197) (279,086)
 CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from loans payable 699,525 150,000
Repayments of loans payable (147,253) (9,006)
Proceeds from loans payable - related parties 1,000,000
Repayment of loans payable - related parties (166,681)
Proceeds from exercise of warrants 400,000 400,000
Proceeds from convertible notes 3,722,500 250,000
Repayment of convertible notes (301,647)
Net cash provided by financing activities 5,306,444 790,994
 Effect of exchange rate changes on cash 6,873
 Net change in cash (565,441) (202,619)
 Cash, beginning of period 1,362,668 1,329,389
 Cash, end of period 797,227 1,126,770
 Supplemental cash flow information    
Cash paid for interest 289,493 6,600
Cash paid for taxes
 Non-cash transactions:    
Common stock issued for settlement of debt 279,660
Resolution of derivative liabilities upon exercise of warrants 239,323 240,258
Common stock issued in connection with convertible notes 597,777
Note payable issued for acquisition of subsidiary 2,000,000
Contingent liability for acquisition of subsidiary $ 1,000,000