XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net income (loss) $ (4,286,243) $ (1,322,941)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Amortization 120 113
Equity-based compensation 1,902,584 727,583
Changes in operating assets and liabilities    
Accounts receivable (43,745) (18,316)
Accounts receivable - related party (150,884)
Accounts receivable - other (58,884)
Receivables with recourse (96,226)
Related party receivables (3,413) (11,266)
Inventories (626,588) (18,892)
Prepaid expenses and other (1,490,352) 54,261
Accounts payable 179.078 33,305
Payroll tax payable 410,760  
Accrued compensation (316,414)
Accrued expenses 100,042 50,000
Accrued expenses - related parties (79,617)
Deferred revenue 43,565 87,084
Related party payables (26,728) 256,953
Net cash provided by (used in) operating activities (4,542,945) (162,116)
Cash Flows from Financing Activities    
Payments of related party notes payable (216,000)
Proceeds from secured borrowings (154,838)
Proceeds from issuance of member units 200,000
Net cash provided by (used in) financing activities (370,838) 200,000
Net Increase (Decrease) in Cash (4,913,783) 37,884
Cash - Beginning of Period 16,063,941 4,485
Cash - End of Period 11,150,158 42,369
Supplemental disclosure of non-cash activities:    
Issuance of units for prepaid marketing services $ 1,565,000