XML 14 R6.htm IDEA: XBRL DOCUMENT v3.22.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows From Operating Activities:    
 Net income (loss) $ 3,926,239 $ (5,375,609)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Amortization of debt discount 68,486 321,340
Change in fair value of derivative liability (5,239,579) 4,442,460
Excess of debt discount and financing costs 545,365
Shares issued for services 281,750
Change in fair value of Marketable securities 65,000 (726,000)
Realized gain on disposal of market equity security (300,000)
 Changes in operating assets and liabilities:    
Accounts receivable (82,964)
Other receivable 3,750,000
Cash held in trust 58,002 51,718
Inventory (29,367)
Unearned revenue (225)
Contract liabilities (1,056)
Accounts payable and accrued expenses (2,270,304) 301,971
Net cash provided by (used in) operating activities 244,232 (457,005)
Cash Flows From Investing Activities:    
Cash paid for investment to TGHI (125,000)
Net cash used in investing activities (125,000)
Cash Flows From Financing Activities:    
Proceeds from issuance of convertible notes 445,541
Proceeds from sales of common stock 68,306
Repayment to related party (182,618)
Proceeds from related party 336,734
Net cash provided by financing activities 222,422 445,541
Net change in cash and restricted cash 341,654 (11,464)
Cash and restricted cash, beginning of period 155,106 113,034
Cash and restricted cash, end of period 496,760 101,570
Cash 113,616 101,570
Restricted cash 383,144
Total cash and restricted cash 496,760 101,570
Interest
Income taxes
Supplemental non-cash investing and financing activities    
Debt discount related to convertible debt 290,400
Reduction in derivative liability due to conversion 49,504 9,207,107
Shares issued for conversion of convertible debt 35,000 3,122,848
Transfer of account payable to convertible note $ 424,731