CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) |
3 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| Cash flows from operating activities | ||
| Net income | $ 239,461 | $ 261,944 |
| Adjustments to reconcile net income to net cash used in operating activities | ||
| Revaluation of warrant liability | (396,693) | (592,098) |
| Share based compensation | 22,000 | 11,888 |
| Change in operating assets and liabilities: | ||
| Prepaid expense | 16,200 | 10,825 |
| Accounts payable | 14,398 | 199,766 |
| Accounts payable - related party | 70,054 | 0 |
| Advanced deposits | 25,000 | 0 |
| Net cash used in operating activities | (9,580) | (107,675) |
| Cash flows from financing activities | ||
| Proceeds from note payable - related parties | 25,000 | 75,000 |
| Payments on notes payable | (27,070) | 0 |
| Net cash provided by (used in) financing activities | (2,070) | 75,000 |
| Net decrease in cash | (11,650) | (32,675) |
| Cash, beginning of period | 15,075 | 72,822 |
| Cash, end of period | 3,425 | 40,147 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | 0 | 0 |
| Cash paid for income taxes | $ 0 | $ 0 |