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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (1,362,109) $ (1,206,452)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock-based compensation 235,779 345,975
Change in fair value of the derivative liability (83,670)
Realized loss on sale of marketable securities 4,956
Amortization of debt discount 26,628 53,975
Changes in operating assets and liabilities    
Prepaid expenses 675,750 203,688
Accounts payable and accrued expenses (11,569) 78,777
NET CASH USED IN OPERATING ACTIVITIES (430,565) (607,707)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of marketable securities 370,763
NET CASH USED IN INVESTING ACTIVITIES 370,763
CASH FLOWS FROM FINANCING ACTIVITIES    
Exercise of warrants for cash 27,125
Proceeds from PIK convertible notes 100,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 127,125
Effect of exchange rate changes on cash 806 1,165
NET DECREASE IN CASH (58,996) (479,417)
CASH, BEGINNING OF THE PERIOD 541,171 671,091
CASH, END OF THE PERIOD 482,175 191,674
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest expense
Cash paid for income taxes
NONCASH FINANCING AND INVESTING TRANSACTIONS    
Shares issued for conversion of notes and interest 54,968
Unrealized loss on marketable securities $ 151,170