v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows From Operating Activities:    
Net (loss) income $ (5,252,742) $ 100,675
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Contributed services 45,450 384,076
Stock based compensation 1,440,175 136,940
Depreciation 12,718 4,202
Amortization of intangible assets 1,728,995 6,013
Amortization of debt discount 70,751
Loss on stock payable share adjustment 2,751,360
Changes in operating assets and liabilities:    
Accounts receivable, related party (70,188) (1,186,398)
Accounts receivable (2,327,559) 57,800
Prepaid expenses and other assets 98,634 662,756
Inventory (1,630,204) (54,513)
Operating lease right of use asset 61,353
Accounts payable 2,512,173 (174,733)
Other payables and accrued liabilities, related party (1,279) (21,745)
Other payables and accrued liabilities 335,148 (548,607)
Operating lease liability (61,605)
Net Cash Used In Operating Activities (286,820) (633,533)
Cash Flows From Investing Activities:    
Cash acquired in Acquisition of Business, net of cash paid 68,062 193,670
Purchases of intangibles (233,108)
Purchases of property & equipment (18,600)
Net Cash (Used In) Provided by Investing Activities (183,646) 193,670
Cash Flows From Financing Activities:    
Advances / loans from related parties 800,000 480,906
Issuance of common stock for business acquisition (177,954)
Proceeds from notes payable 115,340 92,334
Proceeds from notes receivable 95,640
Payments to notes payable (62,002) (53,822)
Proceeds from Line of Credit 1,220,000
Payment to Line of Credit (1,356,500)
Proceeds from issuance of common stock 150,494
Repurchase of common stock (98,550) (98,550)
Net Cash Provided By Financing Activities 535,974 571,362
Net Increase In Cash 65,508 131,499
Cash - Beginning of Period 1,480,371 338,863
Cash - End of Period 1,545,879 470,362
Supplemental Cash Flow Information:    
Interest paid 460,029 55,584
Income taxes
Noncash operating and financing activities:    
Non-cash issuance of stock payable 654,166
Reclass of offering costs to additional paid-in capital 135,434
Estimated fair value of shares issued in acquisitions 28,118,450 13,557,191
Estimated fair value of shares payable to be issued for acquisitions 39,929,075
Debt discount on notes payable issued with warrants $ 18,282

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