v3.24.1.1.u2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES    
Net loss $ (2,254,242) $ (2,478,175)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on Settlement of Debt - related party 10,857
Bad debt expense 49,109 (10,576)
Stock-based compensation 193,910 810,157
Intangible Asset Impariment
Depreciation and amortization expense 21,257 63,902
Amortization of Debt Discount 94,840 31,567
Increase (decrease) in cash resulting from changes in:    
Accounts receivable (11,831) 341,773
Other current assets (17,891)
Operating lease assets/liabilities (9,680)
Other assets (10) (3,423)
Accounts payable (252,084) (76,695)
Prepaid Expenses (66,563)
Accrued interest 299,181 204,188
Accrued and deferred personnel compensation (159,051) (77,402)
Other liabilities - current (28,276) (34,079)
Lease Operating Assets (11,350)
Deferred revenue and customer deposits (45,180) (197,987)
Net cash used in operating activities (2,170,290) (1,443,464)
INVESTING ACTIVITIES    
Purchases of equipment (14,111)
Net cash used in investing activities (14,111)
FINANCING ACTIVITIES    
Payments on notes payable (8,658) (9,978)
Proceeds from Related Party Debt 1,950,000
Proceeds from conversion of common stock warrants 3,587,487
Net cash provided by (used in) financing activities 1,941,342 3,577,509
Effect of foreign currency translation on cash flow (665) 34,923
Net Change in cash (229,613) 2,154,857
Cash at beginning of period 416,395 426,740
Cash at end of period 186,782 2,581,597
Cash paid during period for:    
Interest Paid
Fair Value of Options issued with related party debt 466,594
Shares issued for settlement of debt - related party 205,367
Shares issued for stock payable for settlement of debt - related party 223,937
Par Value pf RSU’s issued - termination of director’s service $ 545

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