XML 44 R7.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statement of Cashflows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES:    
Net income (loss) $ (3,576,614) $ 9,724,262
Adjustments to reconcile net income / loss to net cash used in operating activities:    
Adjustment to non-controlling interest (155,080) (298,196)
Depreciation 21,937 119,039
Imputed interest 22,500 22,438
Impairment expense 74,509
Loss (gain) on disposal of fixed assets (17,177) (142,844)
Loss (gain) on settlement of debt (44,294)
Gain on extinguishment of debt (6,155)
Derivative expense 566,080
Change in derivative liabilities 1,010,737 (12,947,095)
Amortization of debt discount 303,398 333,296
Shares issued for service 366,475
Shares issued for service - related parties 143,850
Changes in operating assets and liabilities:    
Prepaid expense (14,191) (1,832)
Inventory 39,494 (3,866)
Right-of-use asset 96,904 66,990
Deposit (65,652)
Other assets (14,684) 6,667
Accrued interest 606,886 595,874
Accounts payable and accrued expenses 43,248 35,350
Accounts payable and accrued expenses - Related Parties 148,252 354,937
Right-of-use liabilities (113,153) (140,588)
Deferred tax liabilities 93,910 782,107
        Net cash provided by(used in) operating activities (918,799) (1,043,482)
INVESTING ACTIVITIES:    
Purchase of property and equipment (11,721)
Proceeds from sales of fixed assets 17,177 1,285,739
        Net cash provided by investing activities 17,177 1,274,018
FINANCING ACTIVITIES:    
Proceeds from common stock subscriptions 35,000
Proceeds from convertible debt 370,000 466,000
Non-controlling contribution (205,000)
Net cash provided by financing activities 370,000 296,000
NET INCREASE (DECREASE) IN CASH (531,622) 526,536
Effects of currency translation on cash and cash equivalents (16,072) (3,719)
CASH BEGINNING BALANCE 565,979 43,162
CASH ENDING BALANCE 18,330 565,979
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 17,500
NON-CASH TRANSACTIONS AFFECTING OPERATING, INVESTING    AND FINANCING ACTIVITIES:    
Adoption of lease standard ASC 842 23,738
Settlement of accounts payable with note payable 55,000
Reclassification of derivative liability to additional paid in capital 283,326
Initial derivative liability on convertible notes payable 213,598 316,000
Value of common shares issued for conversion of principal and interest 196,015
Value of common shares cancelled (1,007)
Capitalization of interest pursuant to amended agreement 18,992
Shares issued for cash from stock payable 250
Settlement of related party liabilities in excess of net book value of asset distributed 17,052 559,058
Preferred stock exchange-related party $ 100