General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (5,933,775) $ (2,619,752) $ (4,434,443) $ (7,240,740)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization expense 33,878 11,141 14,093 24,629
Amortization of debt discount to interest expense 424,001 424,001 160,542
Accretion of preferred shares stated value to interest expense 52,400 52,400
Stock-based compensation 4,042,926 942,850 2,108,472 3,858,967
Stock-based professional fees 359,829 69,917 132,892 355,393
Bad debt expense 35,000 19,400 202,480 992
Interest expense related to put premium on convertible debt 47,405 47,405 88,620
Derivative expense 90,623 90,623 570,059
Non-cash gain on debt extinguishment (877,823) (877,823) (31,009)
Non-cash fees upon conversion 2,500 2,500
Lease costs (444) 401 400 44
Change in operating assets and liabilities:        
Accounts receivable (234,445) 60,079 (130,188) (61,662)
Accounts receivable - related party (1,200)    
Inventory (24,814) (27,985) (62,380) (5,843)
Prepaid expenses and other assets (6,647) 8,773 (563) 1,949
Costs and estimated earnings in excess of billings on uncompleted contracts (2,456)    
Due from related party (24,179) (5,526)
Accounts payable 155,241 55,721 139,300 239,605
Accrued expenses 83,231 88,771 96,022 89,266
Customer deposit (110,000)    
Accrued compensation 317,001 518,736 417,308 635,477
Billings in excess of costs and estimated earnings on uncompleted contracts 22,179    
NET CASH USED IN OPERATING ACTIVITIES (1,288,675) (1,132,842) (1,783,027) (1,313,711)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Cash received from acquisition 288,902    
NET CASH PROVIDED BY INVESTING ACTIVITIES 288,902    
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from sale of common stock 721,000 821,000 780,000
Proceeds from sale of series A preferred stock 120,000 120,000 127,000
Redemption of Series A preferred stock (104,762) (104,762)
Proceeds from sale of series C preferred stock 550,000 630,000 1,330,000
Proceeds from exercise of stock options     19,185
Proceeds from note payable 500,000 156,200 156,200 25,000
Repayment of notes payable (5,297) (25,000)
Repayment of convertible note payable (393,215) (393,215) (238,080)
Proceeds from convertible notes payable 100,000 100,000 574,250
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,044,703 1,229,223 2,029,223 1,262,355
NET INCREASE IN CASH 44,930 96,381 246,196 (51,356)
CASH, beginning of period 323,407 77,211 77,211 128,567
CASH, end of period 368,337 173,592 323,407 77,211
Cash paid for:        
Interest 2,648 130,303 130,399 37,339
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:        
Common stock issued as prepaid for services 98,800 56,500 133,000 161,460
Common stock issued for accrued compensation 40,626 16,250 24,250 364,000
Series B preferred stock issued for accrued compensation 295,000   318,969 108,000
Common stock issued for accounts payable 117,838 6,058 6,058
Common stock issued for debt and accrued interest   188,529 188,529 12,000
Common stock issued for conversion of Series A preferred shares and related dividends     215,424
Preferred stock dividend accrued 34,029 2,795 8,508
Deemed dividend related to beneficial conversion feature of Series C preferred shares 4,354,761   1,525,873
Reclassification of put premium to equity   49,543 49,543
Increase in debt discount and derivative liability   85,502 85,502 320,351
Increase in debt discount and paid-in capital for warrants   $ 14,498 14,498 61,899
Increase in right of use asset and lease liability     $ 74,296
Assets acquired:        
Cash 288,902      
Accounts receivable, net 40,587      
Inventory 68,019      
Prepaid expenses 6,091      
Property and equipment 140,210      
Right of use assets 253,433      
Total assets acquired 797,242      
Less: liabilities assumed:        
Accounts payable 65,728      
Accrued expenses 92,914      
Notes payable 95,013      
Customer deposit 110,000      
Lease liabilities 253,433      
Noncontrolling interest 36,031      
Total liabilities assumed 653,119      
Net assets acquired (144,123)      
Fair value of shares for acquisition 694,921      
Increase in intangible assets - non-cash $ 550,798