Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
|
6 Months Ended |
Jun. 30, 2023 |
Jun. 30, 2022 |
| OPERATING ACTIVITIES |
|
|
| Net loss |
$ (1,536,052)
|
$ (1,015,921)
|
| Adjustment to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization |
1,911
|
14,764
|
| Issuance of common stock for services |
286,140
|
120,271
|
| Debt discount amortization |
616,611
|
91,756
|
| Financing costs |
3,500
|
|
| Loss on deconsolidation |
2,539
|
|
| Equity loss in investment |
8,059
|
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
35,515
|
76,129
|
| Note receivable |
|
|
| Inventories |
52,009
|
(111,842)
|
| Prepaid |
16,620
|
(5,079)
|
| Accounts payable |
28,040
|
(14,929)
|
| Accounts payable - related parties |
84,000
|
70,000
|
| Accrued liabilities |
96,364
|
(1,055)
|
| Accrued compensation - officers |
110,000
|
100,000
|
| Customer deposits |
4,618
|
(14,438)
|
| Operating lease liability |
|
|
| Net cash used in operating activities |
(190,126)
|
(690,344)
|
| INVESTING ACTIVITIES |
|
|
| Purchase of property and equipment |
|
(12,629)
|
| Cash paid for investment |
(2,539)
|
|
| Note receivable |
(17,000)
|
|
| Net cash used in investing activities |
(19,539)
|
(12,629)
|
| FINANCING ACTIVITIES |
|
|
| Net borrowings (repayments) under lines of credit |
4,034
|
20,491
|
| Proceeds from issuance of note payable shareholder |
179,616
|
274,000
|
| Proceeds from convertible note payable |
|
611,000
|
| Repayments of notes payable |
(4,302)
|
(27,928)
|
| Net cash provided by financing activities |
179,348
|
877,563
|
| NET INCREASE (DECREASE) IN CASH |
(30,317)
|
174,590
|
| CASH |
|
|
| Beginning of period |
126,109
|
246,317
|
| End of period |
95,792
|
420,907
|
| Supplemental disclosures of cash flow information |
|
|
| Taxes paid |
|
|
| Interest paid |
27
|
5,940
|
| Non-cash disclosures: |
|
|
| Common stock issued for conversion of debt and interest |
120,000
|
|
| Original issue debt discount |
|
550,538
|
| Deemed dividend on down round provision |
2,013
|
|
| Additional beneficial conversion feature on down round provision |
$ 326,735
|
|