v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES    
Net loss $ (8,528,529) $ (6,733,550)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on Settlement of Debt - related party 10,857
Bad debt expense 24,143 45,685
Stock-based compensation 2,468,075 994,384
Intangible Asset Impariment 238,143
Depreciation and amortization expense 162,209 353,050
Amortization of Debt Discount 89,349 83,334
Increase (decrease) in cash resulting from changes in:    
Accounts receivable 683,060 (337,347)
Other current assets 9,634 (17,148)
Operating lease assets/liabilities (15,029)
Other assets (13,250)
Accounts payable 79,950 (184,859)
Prepaid Expenses (46,231)
Accrued interest 621,806 432,959
Accrued and deferred personnel compensation (457,687) (195,975)
Other liabilities - current (34,036) 133,167
Lease Operating Assets (30,155)
Deferred revenue and customer deposits (684,175) 236,827
Net cash used in operating activities (5,644,980) (4,966,359)
INVESTING ACTIVITIES    
Purchases of equipment (18,252) (18,712)
Cash paid for patent activities (6,300)
Capitalized software development cost (12,030)
Net cash used in investing activities (24,552) (30,742)
FINANCING ACTIVITIES    
Payments on notes payable (20,004) (29,145)
Proceeds from Related Party Debt 400,000 800,000
Proceeds from conversion of common stock warrants 5,195,487 2,550,552
Proceeds from PIPE funding 2,050,000
Net cash provided by (used in) financing activities 5,575,483 5,371,407
Effect of foreign currency translation on cash flow 125,243 (92,985)
Net Change in cash 31,194 281,321
Cash at beginning of period 426,740 735,424
Cash at end of period 457,934 1,016,745
Supplemental disclosure    
Interest Paid
Fair Value of Options issued with related party debt 28,463 73,469
Shares issued for settlement of debt - related party 411,823 161,750
Shares issued for stock payable for settlement of debt - related party 223,937
Par Value pf RSU’s issued - termiation of director’s service $ 545

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