v3.23.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES    
Net loss $ (2,236,974) $ (509,402)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 119,598 107,120
Amortization of right of use asset 16,275 (9,454)
Operating lease liabilities (19,921) 8,474
Stock compensation expense 108,260 108,260
Non-cash interest expense from issuance on debt (derivative) 1,512,936 0
Amortization of debt discount 381,211 453,805
Change in fair value of derivative liabilities (392,355) (197,510)
Gain on extinguishment of debt (468,678) 0
Stock issued for services 65,354 0
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable 22,232 (4,488)
Inventory 48,910 152,590
Prepaid expenses and other current assets 1,203 80,002
Accounts payable and accrued expenses 230,897 (278,543)
Long term deposits (351) 8,229
Deferred revenues 36,737 0
NET CASH USED IN OPERATING ACTIVITIES (574,666) (80,917)
INVESTING ACTIVITIES 0 0
NET CASH USED IN INVESTING ACTIVITIES 0 0
FINANCING ACTIVITIES    
Proceeds from note payable 1,000,000 0
Payments on factoring arrangements (194,954) 0
Repayment of note payable (6,446) (30,835)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 798,600 (30,835)
Effects of currency translation on cash (13,130) (205,253)
Net increase (decrease) in cash 210,804 (317,005)
Cash, beginning of period 132,487 828,206
Cash, end of period 343,291 511,201
 Supplemental disclosure cash flow information:    
Cash paid for interest 3,013 0
Cash paid for income taxes 0 0
Supplemental disclosure of cash flow information    
Stock issued for LFR Acquisition 271,920 0
Issuance of common stock for conversion of debt 263,338 0
Recognition of right of use asset - operating lease $ 0 $ 53,463