XML 17 R5.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities:    
Net (Loss) $ (1,775,106) $ (9,064,180)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,397 6,374
Foreign exchange (gain) loss (20) (6)
Stock issued for services 0 918,000
Stock issued for payment interest 0 38,422
Loss on debt conversion (0) 7,205,843
Debt release (10,852) (51,252)
Decrease in accounts receivable 7,774 1,916
(Increase) decrease in inventory (99,721) (27,736)
(Increase) in prepaid expenses (18,937) (12,907)
Increase (decrease) in accounts payable and accrued expenses 61,742 35,524
Increase (decrease) in interest payable (48,287) 33,795
Net Cash Flows (Used) in Operations (1,878,010) (916,207)
Cash Flows From Financing Activities:    
Proceeds public offering net 43,560,363 1,918,500
Note payable to pay fees (99,000) 61,500
Payments of notes payable (1,900,000) (327,352)
Net Cash Flows Provided by Financing Activities 41,561,363 1,652,648
Cash and Cash Equivalents at Beginning of Period 2,045,167 989,888
Net increase in cash and cash equivalents 39,683,353 736,441
Effect of exchange rate changes on cash (12,383) 0
Foreign currency translation adjustment 11,638 8,765
Cash and Cash Equivalents at End of Period 41,727,775 1,735,094
Supplemental Cash Flow Information:    
Stock issued for note conversions including interest 0 8,237,072
Cash paid for interest 61,151 142,152
Cash paid for income taxes $ 0 $ 0