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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (8,604,263) $ (3,492,929)
Depreciation and amortization 67,227
Amortization of right of use asset 36,426 20,987
Stock-based compensation 2,382,364 215,313
Stock-based professional fees 288,764 814,294
Impairment loss on digital currencies and other digital assets 91,204
Non-cash digital currency and other digital assets fees 13,831
Non-cash revenue from sale of Venvuu NFT digital asset (36,394)
Realized gain on short-term investments (9,702)
Unrealized gain on short-term investments (7,113)
Accounts receivable 86
Prepaid expenses 117,396 (200,651)
Accounts payable and accrued expenses (23,386) 145,915
Contract liabilities (4,997)
Operating lease liability (39,027) (20,987)
NET CASH USED IN OPERATING ACTIVITIES (5,727,584) (2,518,058)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale of short-term investments 6,430,000
Purchase of short-term investments, net (14,394,340)
Purchases of property and equipment (44,475)
Purchase of digital currencies and other digital assets (233,245)
NET CASH USED IN INVESTING ACTIVITIES (8,242,060)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Advances from related party 161,567
Payments on related party advances (203) (161,229)
Repayment of notes payable - related party (7,500)
Proceeds from exercise of Series A Warrants 13,979,370
Net proceeds from the sale of common stock 13,671,074
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (203) 27,643,282
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (13,969,847) 25,125,224
CASH AND CASH EQUIVALENTS - beginning of period 20,199,735 690,423
CASH AND CASH EQUIVALENTS - end of period 6,229,888 25,815,647
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
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
Subscription receivable from exercise of Series A warrants 234,543
Issuance of common shares for intangible assets $ 1,090,000