v3.21.1
STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOW FROM OPERATING ACTIVITES:    
Net Loss for the Period $ 543,286 $ (139,964)
Adjustments to reconcile net loss to net cash used by operating activities:    
Stock based compensation 100,000
Gain on forgiveness of debt (37,580) (19,434)
Contributed services 46,800 46,800
Non cash lease expense (1,361) 1,361
Changes in Operating Assets and Liabilities:    
Accounts receivable (31,021) 3,008
Prepaids & other assets 18,744 (12,688)
Accrued expenses - related party 6,346
Accounts payable 19,629 34,154
Accrued expenses 927 43,381
Net Cash Provided by (Used in) Operating Activities 665,770 (43,382)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Advances from a related party 320,568 103,221
Proceeds from notes payable 55,000
Repayment of advances from related party (185,441) (64,705)
Payments on notes payable (32,329) (46,101)
Net Cash Provided by Financing Activities 102,798 47,415
Net Increase (decrease) in Cash 768,568 4,033
Cash at Beginning of Period 4,754 721
Cash at End of Period 773,322 4,754
Cash paid during the year for:    
Interest 33,027 30,541
Income taxes
Supplemental non-cash disclosure:    
Operating lease right of use assets 122,825
Operating lease liability 122,825
Lease termination $ 54,777

Source