Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.23.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows From Provided by Operating Activities:    
Net income (loss) $ 977,858 $ (2,325,074)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Loss on disposal of asset 3,500
Common stock payable for services 183,669 54,166
Contributed services 554,123 214,243
Stock based compensation 529,400 12,455
Depreciation 16,692 (0)
Amortization of intangible assets 600
Amortization of debt discount 493
Changes in operating assets and liabilities:    
Accounts receivable, related party (1,932,956) (128,543)
Accounts receivable 87,016
Prepaid expenses and other assets 700,061 (713,103)
Inventory 131,082
Operating lease right of use asset 24,149
Accounts payable 98,661 385,000
Other payables and accrued liabilities, related party (195,063) 122,571
Other payables and accrued liabilities (772,074) 537,545
Operating lease liability (25,934)
Net Cash Used In Operating Activities 377,777 (1,837,240)
Cash Flows From Investing Activities:    
Cash Paid in Acquisition of Business, net of cash paid (1,459,661)
Purchases of intangibles (20,000)
Notes receivable, related party (95,640)
Net Cash Provided by (Used) In Investing Activities (1,459,661) (115,640)
Cash Flows From Financing Activities:    
Advances / loans from related parties 2,472,500 1,447,272
(Repayment of advances)/borrowings from related parties (276,382) (516,973)
Proceeds from notes payable 92,334 80,291
Payments on notes payable (84,154) (26,469)
Proceeds from issuance of common stock 150,494 600,000
Repurchase of common stock (131,400) (65,700)
Net Cash Provided By Financing Activities 2,223,392 1,518,421
Net Increase (Decrease) In Cash 1,141,508 (434,459)
Cash - Beginning of Period 338,863 773,322
Cash - End of Period 1,480,371 338,863
Supplemental Cash Flow Information:    
Interest paid 70,766 33,380
Income taxes
Noncash operating and financing activities:    
Treasury stock payable 328,500
Non-cash issuance of stock payable 600,729
Reclass of offering costs to additional paid-in capital 135,434
Reclass of investment in Company to additional paid-in capital 150,000
Estimated fair value of shares issued in acquisitions 25,428,836
Estimated fair value of shares payable to be issued from acquisitions 7,114,513
Debt discount on notes payable issued with warrants $ 52,960