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STATEMENTS OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows From Operating Activities:    
Net income (loss) $ (1,497,040) $ (8,340,088)
Adjustments to reconcile net income to net cash provided by (used for) operating activities    
Stock-based compensation expense 290,099 617,758
Amortization of intangible assets 0 98,304
Advertising expense paid with common stock 211,200 554,000
Common stock issued in connection with financing 51,010 0
Amortization of debt discount 954,024 1,704,907
Loss on the extinguishment of debt 1,226,489 0
Change in the fair value of derivatives (2,694,220) 1,748,237
Depreciation 1,946 1,146
Changes in operating assets and liabilities    
(Increase)/decrease in prepaid expenses (35,170) 1,824,558
HST Receivable (1,035) 26,954
Accrued interest (52,538) 74,623
Loan payable related party 0 (15,158)
Accounts payable/loan payable related party 0 198,780
Accrued expense related party 42,726 442,951
Accounts payable and accrued expense (584,859) 230,706
Net cash provided by (used for) operating activities (2,087,367) (832,322)
Cash Flows From Investing Activities:    
Purchase of fixed assets (6,232) 0
Net impact from sale of AMS building excluding mortgage payoff 539,376 0
Purchase of private company equity (39,490) 0
Changes in intangible assets 0 95,681
Net cash provided by (used for) investing activities 493,654 95,681
Cash Flows From Financing Activities:    
Proceeds from the sale of preferred stock 410,000 0
Proceeds from convertible loans, net of repayments 427,086 945,000
Proceeds from notes payable, net of repayment 238,560 (3,566)
Proceeds from the sale of common stock in private placements 291,064 0
Proceeds (repayment of related party loans), net (255,001) (15,158)
Net cash provided by (used for) financing activities 1,111,709 926,276
Effect of exchange rates on cash and cash equivalents 259,857 52,132
Net Increase (Decrease) In Cash (482,004) 189,635
Cash At The Beginning Of The Period 334,969 1,547
Cash At The End Of The Period 112,822 243,314
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 14,744
Cash paid for income taxes 0 0
Supplemental disclosure of non-cash investing and financing activities:    
Common stock issued as a financing expense on convertible notes 51,010 0
Common stock issued for advertising expense 211,200 554,000
Common stock issued related to investment in Great Northern Cannabis 0 2,478,422
Common stock issued to convert convertible notes and accrued interest into equity $ 918,611 $ 306,750