General form of registration statement for all companies including face-amount certificate companies

Consolidated Statements of Cash Flows (Unaudited)

v3.22.4
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (9,110,360) $ (3,575,585) $ (9,100,686) $ (2,803,029)
Change in net loss to net cash used in operating activities:        
Depreciation and amortization expense 602,744 19,736 219,833 17,353
Amortization of debt discount and non-cash interest expense 1,892,418 89,787
Change in fair market value of derivative liabilities (1,375,048)    
Amortization of right of use asset 1,685    
Gain on forgiveness of paycheck protection loan (112,338) (112,338)
Loss on disposal of assets     71,872 4,067
Gain on settlement of lease (1,660)    
Fair value of stock options vested 3,204,382 2,943,499 355,534
Common stock issued for services     280,174
Other long-term assets     (95,000)
Accounts receivable 10,951 (2,529) (1,570)
Due from related parties (43,423)    
Inventory 19,958 (62,239) (99,372) (44,904)
Advances to officers 16,941 1,060 (9,399) (5,559)
Prepaid expenses and other current assets (124,337) (33,511) (95,920) 9,950
Long-term prepaid insurance 15,000    
Accounts payable and accrued expenses (195,489) 833,008 112,504 1,508,158
Accrued interest 553,677 182,575 26,766
Operating lease liabilities, net 227 (70,176)
Gain on debt extinguishment (201,097)    
Changes in operating assets and liabilities:        
NET CASH USED IN OPERATING ACTIVITIES (4,691,693) (2,791,561) (5,866,792) (931,664)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Cash paid for notes receivable (603,067)    
Purchase of property and equipment (27,466) (38,339) (58,647) (30,371)
NET CASH USED IN INVESTING ACTIVITIES (27,466) (641,406) (58,647) (30,371)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from convertible notes payable, net of issuance costs 6,421,610    
Proceeds from convertible notes payable     3,750,000
Proceeds from note payable 3,469,982 3,469,982 650,000
Proceeds from issuance of Series C Preferred Stock     100,000
Proceeds from PPP Loan     111,477
Repayment of promissory note     (574,133)
Repayment of related party loan (53,000)    
Repayment of convertible note payable (30,000)    
Repayment of promissory note and interest (320,000)    
NET CASH PROVIDED BY FINANCING ACTIVITIES 6,018,610 3,469,982 6,645,849 861,477
Effect of exchange rate changes on cash (54,975) (3,990)
NET CHANGE IN CASH 1,244,476 37,015 716,420 (100,558)
CASH AT BEGINNING OF THE PERIOD 785,363 68,943 68,943 169,501
CASH AT END OF THE PERIOD 2,029,839 105,958 785,363 68,943
Supplemental Disclosure of Cash Flow Information        
Cash paid for interest 106,039 72,000
Cash paid for taxes
Supplemental Disclosure of Non-Cash Investing and Financing Activities        
Intangible assets recorded at acquisition     11,113,000
Goodwill recognized at acquisition     913,184
Shares issued for acquisition     7,240,229
Net assets assumed in merger     (1,193,499)
Convertible notes payable assumed at merger     2,451,641
Notes payable converted into convertible notes payable     4,119,982
Notes payable assumed in merger     320,000
Accrued interest converted into convertible notes payable     $ 208,425
Accounts payable settled with share issuance 129,850    
Services received settled with derivative warrants 156,399    
Convertible notes payable and accrued interest converted to common shares $ 13,921,427