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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,552,062) $ (807,877)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 72,954 4,996
Gain on investment in Allied Esports Entertainment, Inc. 0 (230,723)
Gain on early extinguishment of debt 0 (113,772)
Common stock issued to officers and directors for services 0 254,670
Common stock awarded to advisors for services 10,000 0
Amortization of stock options 134,261 121,221
Amortization of stock warrants issued as a debt discount 59,724 0
Decrease (increase) in current assets:    
Accounts receivable 414 0
Prepaid expenses 12,673 3,252
Inventory (319,959) (315,493)
Right-of-use asset 16,650 16,069
Increase (decrease) in current liabilities:    
Accounts payable 55,256 (92,893)
Accrued expenses 38,432 (24,863)
Lease liabilities (10,941) (9,458)
Net cash used in operating activities (1,482,598) (1,194,871)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (44,726) (38,208)
Cash paid for construction in progress 0 (658,537)
Cash paid for intangible assets (3,616) 0
Net cash used in investing activities (48,342) (696,745)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds received from the sale of common stock 0 2,525,000
Net cash provided by financing activities 0 2,525,000
NET CHANGE IN CASH AND CASH EQUIVALENTS (1,530,940) 633,384
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 3,345,928 1,912,729
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,814,988 2,546,113
SUPPLEMENTAL INFORMATION:    
Interest paid 0 0
Income taxes paid $ 0 $ 0