XML 19 R7.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2020
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:              
Net loss $ (2,317,825) $ (73,269) $ (27,882) $ (52,680) $ (2,772,484) $ (192,865) $ (183,279)
Add back non-cash share-based compensation         284,793  
Add back non-cash impairment of intangible assets         1,966,939  
Changes in operating assets and liabilities:              
Decrease (increase) in prepaid expenses and other current assets         (4,815) (75)  
Increase (decrease) in accounts payable and accrued expenses         (259,655) (51,446)  
Increase (decrease) in accounts payable and accrued expenses due to related parties         5,753 (555,436)  
Net cash used in operating activities         (779,469) (799,822)  
Cash flows from investing activities              
Cash acquired on asset acquisition         114,169  
Net cash from investing activities         114,169  
Cash flows from financing activities              
Proceeds from the sale of common stock         773,038 1,176,702  
Net cash from financing activities         773,038 1,176,702  
Net increase in cash and cash equivalents         107,738 376,880  
Cash and cash equivalents at beginning of year   $ 382,452   $ 5,572 382,452 5,572  
Cash and cash equivalents at end of year $ 490,190   $ 382,452   490,190 382,452 $ 5,572
Supplemental disclosures of cash flow information:              
Cash paid during the period for interest          
Cash paid during the period for income taxes          
Non-Cash Financing and Investing Activities              
Common stock issued on acquisition         1,380,427  
Intangible acquired on acquisition         $ (1,966,939)  
Warrants issued on acquisition (in shares)         414,128  
Account payable acquired on acquisition         $ 172,384