General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statement of Cash Flows

v3.21.2
Condensed Consolidated Statement of Cash Flows - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES        
Net Loss $ (8,364,454) $ (3,734,635) $ (4,862,683) $ (681,979)
Adjustments to reconcile net loss to net cash provided by operations:        
Stock-based compensation for services 1,039,932 177,000 258,667 115,715
Depreciation 354
Loss on equity investment 21,588
Stock-based compensation to employees and directors 5,252,599      
Stock-based compensation and stock option modification 24,327 24,327
Loss on conversion of bridge notes and accrued interest 744,505 495,320
Loss on conversion of debentures and notes payable with unrelated parties 390,068 68,373
Loss on conversion of accrued salary and bonus, director fees, and notes payable with related parties 271,210
Change in fair value of convertible bridge notes 1,666,422    
Amortization of debt issuance costs 1,250 1,250 5,000
Paid-in-kind interest - convertible bridge notes 35,983 427,360 484,031 535,877
Loss on extinguishment of debt 503,762    
Gain on forgiveness of debt (142,942)    
Gain on forgiveness or assumption of notes payable and accrued expenses (1,032,160)
Changes in operating assets and liabilities        
Increase in prepaid expenses and other current assets (6,301) (1,335) (5,231) (7,665)
Deferred offering costs (35,000)    
Increase in accounts payable and accrued expenses (44,393) 75,278 174,690 43,171
Increase accrued payroll and related expenses 194,881 152,657 150,000
Increase in contract liabilities - related party (117,667)
Increase in accrued interest – related party 50,803 15,426
Increase in accrued interest 5,611
Increase in accrued interest– related parties 1,478 45,572    
Net cash used in operating activities (1,128,525) (620,118) (742,899) (978,057)
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from notes payable - related parties 335,873 338,373 788,500
Repayment on promissory notes – related party (33,492)      
Repayments on notes payable - related parties   (1,590)
Proceeds from convertible notes payable 142,500 30,000
Proceeds from notes payable - unrelated parties 171,000
Proceeds from issuance of Series B Preferred Stock 2,221,000   100,000
Proceeds from Paycheck Protection Program 142,942 142,942
Net cash provided by financing activities 2,187,508 621,315 750,725 818,500
NET INCREASE (DECREASE) IN CASH 1,058,983 1,197 7,826 (159,557)
CASH - Beginning of year 8,304 478 478 160,035
CASH - End of year 1,067,287 1,675 8,304 478
SUPPLEMENTAL CASH FLOW DISCLOSURES:        
Payment of interest in cash
Payment of income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:        
Accrual of contractual dividends on Series A convertible preferred stock 22 26,366 35,440 36,000
Accrual of contractual dividends on Series B convertible preferred stock 168,370    
Deemed dividend on conversion of Series A preferred stock to common stock 542,500    
Deemed Dividend on warrant modifications 850,214    
Conversion of convertible bridge notes and accrued interest of common stock, fair value 3,633,983 2,511,975 2,531,438
Conversion of debentures and notes payable with unrelated parties to common stock 125,000 48,811
Conversion of Series A preferred stock to common stock 120,000    
Conversion of notes payable with related parties to Series B preferred stock and warrants 23,000    
Change in fair value of convertible bridge notes $ 1,666,422 3,170,236 (1,057,877)
Investment purchased with a subscription payable     21,588
Conversion of accrued salary and bonus, director fees, and notes payable with related parties to common stock     464,526
Conversion of notes payable to Series B Preferred Stock     156,000
Series B Preferred Stock purchased with a stock subscription receivable     $ 25,000