XML 14 R6.htm IDEA: XBRL DOCUMENT v3.22.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities:    
Net income (loss) $ 485,102 $ (32,424,264)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Amortization of debt discount 307,879 466,637
Change in fair value of derivative liability (3,150,739) 793,186
Excess of debt discount and financing costs 588,920
Shares issued for services 281,750
Loss on modification of debt 13,777,480
Impairment loss 15,400,000
Realized (gain) loss on market equity security (11,000)
Payment of other income with marketable securities (600,000)
Change in fair value of market equity security 240,000
Changes in operating assets and liabilities:    
Other receivable 3,747,836
Inventory (60,925)
Unearned revenue (225)
Contract liabilities (3,556)
Accounts payable and accrued expenses (1,330,044) 780,829
Net cash provided by (used in) operating activities 235,328 (946,462)
Cash Flows From Investing Activities:    
Investment to GTX (150,000)
Investment to TGHI (125,000)
Net cash used in investing activities (275,000)
Cash Flows From Financing Activities:    
Issuance of convertible notes 200,000 851,884
Issuance of note receivable (100,000)
Proceeds from sales of common stock 231,865
Repayments to related party (558,379)
Proceeds from related party 575,516
Net cash provided by financing activities 349,002 851,884
Net increase (decrease) in cash 309,330 (94,578)
Cash, beginning of period 155,106 113,034
Cash, end of period 464,436 18,456
Interest
Income taxes
Supplemental non-cash investing and financing activities    
Debt discount related to convertible debt 191,741 396,600
Reduction in derivative liability due to conversion 1,620,742 9,729,456
Shares issued for conversion of convertible debt 1,701,864 3,715,553
Equity Method Investment 424,731
Share issuance for JV Metaverse 5,000
Share issuance for JV Tokenize $ 1,500