Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Operating activities:      
Net Income (Loss) $ (2,680,881) $ 4,338,418  
Adjustments to reconcile net income (loss) to cash used in operating activities:      
Depreciation and amortization expense 163,308 163,354  
Fair value of commitment shares issued with debt 27,170  
Stock compensation expense 20,471  
Fair value of equity issued for services 9,567  
Loss (gain) on extinguishment of debt 43,025 609,275  
Amortization of note discount and original issue discount 42,000 19,639  
Amortization of discount on Series C Preferred stock liability 124  
Non-cash interest expense 524,742  
Change in fair value of derivative liability 1,700,010 (6,461,402)  
Changes in assets and liabilities:      
Accounts receivable (6,535) 19,660  
Prepaid expenses and other current assets 1,100 6,260  
Account payable 20,908 (22,731)  
Accrued interest 278,232 289,592  
Deferred compensation 101,244 206,287  
Net cash used in operating activities (289,948) (297,215)  
Investing activities:      
Net cash used in investing activities  
Financing activities:      
Proceeds from the issuance of notes payable 250,000 236,500  
Repayments on former related-parties advances (5,500) (8,000)  
Repayments of convertible debt in cash (8,000)  
Proceeds from issuance of common stock and units 126,000  
Proceeds from issuance of preferred stock 50,000  
Net cash provided by financing activities 362,500 278,500  
Net increase (decrease) in cash 72,552 (18,715)  
Cash, beginning of year 13,420 18,893 $ 18,893
Cash, end of period 85,972 178 $ 13,420
Supplemental disclosure of cash flow information:      
Cash paid for interest  
Cash paid for income taxes  
Non-Cash Investing and Financing Activities:      
Conversion of notes payable and accrued interest to common stock 310,046 1,050,404  
Conversion of Preferred C Stock to common stock $ 1,247,734