Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,159,938) $ (654,004)
Change in net loss to net cash used in operating activities:    
Depreciation and amortization expense 200,683 5,333
Amortization of debt discount and non-cash interest expense 16,454
Gain on forgiveness of paycheck protection loan (112,338)
Gain on settlement of lease (1,660)
Fair value of stock options vested 298,301
Changes in operating assets and liabilities:    
Accounts receivable (3,157)
Inventory (9,762) (4,912)
Officer advances 16,941 (6,075)
Prepaid expenses and other current assets 45,947 (7,378)
Other long-term assets 5,000
Accounts payable and accrued expenses (158,147) 47,205
Accrued interest 255,465 58,786
Operating lease liabilities, net 215 421
NET CASH USED IN OPERATING ACTIVITIES (1,493,658) (672,962)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (6,508) (20,122)
NET CASH USED IN INVESTING ACTIVITIES (6,508) (20,122)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from convertible notes payable 1,150,000 1,319,982
Repayment of promissory note and interest (89,241)
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,060,759 1,319,982
Effect of exchange rate changes on cash 409  
NET CHANGE IN CASH (438,998) 626,898
CASH AT BEGINNING OF THE PERIOD 785,363 68,843
CASH AT END OF THE PERIOD 346,365 695,741
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest 69,241
Cash paid for taxes
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Accounts payable settled with share issuance $ 129,850