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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (5,947,558) $ (1,642,550)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 7,766
Amortization of right of use asset 23,699 13,677
Stock-based compensation 1,594,780 570,000
Stock-based professional fees 237,559
Impairment loss on digital currencies and other digital assets 84,180
Non-cash digital currency and other digital assets fees 13,831
Non-cash revenue from sale of Venvuu NFT digital asset (36,394)
Unrealized loss on short-term investments 3,731
Changes in operating assets and liabilities:    
Accounts receivable 35
Prepaid expenses 323,604 (153,750)
Accounts payable and accrued expenses 27,534 56,406
Contract liabilities (1,539)
Operating lease liability (25,433) (13,677)
NET CASH USED IN OPERATING ACTIVITIES (3,694,205) (1,169,894)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of short-term investments (7,649,518)
Purchases of property and equipment (25,593)
Purchase of digital currencies and other digital assets (233,245)
NET CASH USED IN INVESTING ACTIVITIES (7,908,356)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Advances from related party 133,301
Payments on related party advances (203) (132,221)
Repayment of notes payable - related party (7,500)
Net proceeds from the sale of common stock 1,588,237
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (203) 1,581,817
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (11,602,764) 411,923
CASH AND CASH EQUIVALENTS - beginning of period 20,199,735 690,423
CASH AND CASH EQUIVALENTS - end of period 8,596,971 1,102,346
Cash paid for:    
Interest
Income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Digital currencies used to pay accounts payable 112,500
Common stock issued for future services 250,000
Issuance of common shares for intangible assets $ 1,090,000