XML 22 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
OPERATING ACTIVITIES    
Net loss $ (4,750,257) $ (3,884,833)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on Settlement of Debt - related party 10,857
Bad debt expense (545) 18,631
Stock-based compensation 1,038,734 801,425
Depreciation and amortization expense 120,403 241,191
Amortization of Debt Discount 63,134 50,895
Increase (decrease) in cash resulting from changes in:    
Accounts receivable 539,017 (268,498)
Other current assets 638 (123,940)
Operating lease assets/liabilities (19,918) (6,461)
Other assets (276)
Accounts payable 69,073 (219,401)
Prepaid Expenses (228,732)
Accrued interest 410,644 271,896
Accrued and deferred personnel compensation (272,193) (317,323)
Other liabilities - current (34,379) (9,071)
Deferred revenue and customer deposits (432,977) (74,191)
Net cash used in operating activities (3,486,777) (3,519,680)
INVESTING ACTIVITIES    
Purchases of equipment (14,111) (6,993)
Net cash used in investing activities (14,111) (6,993)
FINANCING ACTIVITIES    
Payments on notes payable (16,684) (15,947)
Proceeds from Related Party Debt 500,000
Proceeds from conversion of common stock warrants 849,999
Proceeds from conversion of common stock warrants 3,587,487 2,550,552
Net cash provided by financing activities 3,570,803 3,884,604
Effect of foreign currency translation on cash flow 32,816 (1,895)
Net Change in cash 102,731 356,036
Cash at beginning of period 426,740 735,424
Cash at end of period 529,471 1,091,460
Supplemental disclosures:    
Interest 29,541
Non-cash investing and financing activities:    
Fair Value of Options issued with related party debt 54,855
Shares issued for settlement of debt - related party 411,823
Shares issued for stock payable for settlement of debt - related party 223,937
Par Value pf RSU’s issued - termiation of director’s service $ 545