XML 35 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating Activities    
Net Loss $ (1,187,620) $ (359,034)
Adjustments to reconcile net loss to net cash from operating activities:    
Amortization of prepaid services paid by shares issuance 234,064  
Shares and warrants issued for services 181,602
Loss on impairment 54,292
Depreciation and amortization 26,962 11,438
Interest on lease liability 5,039 2,706
Wages and salaries 43,709
Accrued interest 58,397
Amortization on OID interest 297,697
Gain on settlement of debt (184,868) (250,778)
Total items not involving cash flow from operating activities (525,020) (541,376)
Changes in operating assets and liabilities (Note 13) (201,284) 539,220
Net cash used in operating activities (726,304) (2,157)
Cash Flows from Investing Activities    
Repayment of lease liability (10,037)
Purchase of investment (Note 18) (8,765) (15,658)
Purchase of property and equipment (7,962) (98,353)
Net cash used in investing activities (16,727) (124,048)
Financing Activities    
Proceeds from issuance of stock for cash 1,007,617 30,000
Proceeds from share subscriptions 250,000
Proceeds from loan payable 178,836 88,120
Proceeds from promissory notes 467,500
Shareholder Assumption of Debt (48,953) 19,266
Repayments on promissory notes (Note 8) (16,150) (19,544)
Net cash provided by financing activities 1,838,850 117,841
Effects of Foreign Currency Translation (4,967)
Change in cash 1,095,819 (13,330)
Cash and cash equivalents - beginning of year 11,993 25,323
Cash and cash equivalents end of year 1,107,812 11,993
Supplemental disclosure of cash flow information:    
Interest paid 11,100 8,113
Supplemental Disclosure of non-cash investing and financing Activities    
Share cancellation (77,179)
Shares issued to service providers 372,990
Conversion of preferred stock to common stock 8,642
Shares issued for share subscriptions payable 2,046,415 290,540
Recognition of operating lease right of use asset and liability 68,517
Conversion of convertible promissory note to common stock 226,839
Convertible promissory note - equity discount 467,500
Convertible promissory note - original issue discount $ 41,537