XML 14 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net loss $ (779,804) $ (499,783)
Adjustments to reconcile net loss to net cash from operating activities:    
Allowance for doubtful accounts 9,173
Amortization 91,315 18,028
Amortization of debt and warrant issuance costs 267,889 54,881
Stock-based compensation 23,842 26,762
Shares issued for services 6,968 195,328
Loss on extinguishment of debt 2,020
Changes in operating assets and liabilities:    
Accounts receivable 3,207 22,184
Inventory (32,219) (1,535)
Prepaid expenses and other current assets (26,622) (25,723)
Accounts payable 129,625 (56,808)
Other current liabilities (15,717)
Accrued interest 39,118 30,535
Cash flows from operating activities (281,205) (236,131)
Investing activities:    
Capitalized software (37,119) (108,165)
Cash flows from investing activities (37,119) (108,165)
Financing activities:    
Proceeds from sales of common stock 50,000 30,000
Issuance of convertible notes payable 400,000 850,000
Proceeds of loan borrowings 128,500 86,000
Repayments of loan borrowings (279,097) (87,735)
Payment of debt issuance costs (30,000) (85,000)
Cash flows from financing activities 269,403 793,265
Change in cash (48,921) 448,969
Cash and cash equivalents – beginning of year 286,855 94,342
Cash and cash equivalents - end of period 237,934 543,311
Supplemental disclosures of cash flow activity:    
Cash paid for interest 55,939 21,265
Cash paid for taxes
Supplemental noncash investing and financing activity:    
Debt and accrued interest converted to shares of common stock 77,925 326,286
Debt and common stock issued for intangible assets (Note 5) 1,612,500
Common stock issued for debt issuance costs 30,000
Warrants issued in conjunction with convertible note payable $ 81,183 $ 221,779