XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,752,487) $ (868,927)
Items to reconcile net loss to net cash used in operating activities:    
Amortization of debt discount 9,559 3,053
Shares issued and to be issued for services 835,000 160,547
Shares issued in connection with convertible debt 2,000 0
Gain on debt forgiveness (6,000) 0
Depreciation expense 5,515 0
Impairment of licensing agreement 0 20,000
Gain on forgiveness of PPP loan 0 (105,867)
Changes in operating assets and liabilities    
(Increase) / decrease in accounts receivable (25,202) 0
(Increase) / decrease in inventory (169,584) 1,709
(Increase) / decrease in prepaid expenses (1,951) 0
(Increase) / decrease in other assets 12,230 0
Increase in accounts payable - Related party 95,574 151,111
Increase in accounts payable and accrued expenses 160,058 295,123
Net Cash Used in Operating Activities (1,835,288) (343,251)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (55,000) 0
Net Cash Used in Investing Activities (55,000) 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from convertible debt 0 25,000
Proceeds from notes payable 50,460 24,000
Repayments of notes payable (34,645) (24,000)
Payments on financing leases (29,336) 0
Proceeds from advances 90,000 0
Proceeds from sale of common stock and shares to be issued 1,821,001 319,800
Net Cash Provided by Financing Activities 1,897,480 344,800
Increase (Decrease) in Cash 7,192 1,549
CASH AT BEGINNING OF YEAR 1,801 252
CASH AT END OF YEAR 8,993 1,801
Supplemental Information:    
Interest Paid 5,832 0
Taxes 0 0
Supplemental Non-Cash Information:    
Shares issued for commitment fees 0 3,000
Shares issued for sub/licensing contract 0 500
Shares issued for patents 0 20,000
Convertible note issued for accounts payable 0 20,000
Shares issued for stock payable 0 13,803
Shares issued and to be issued for payment of accounts payable 278,000 5,000
Recognition of lease asset and lease liability $ 142,613 $ 0