Adjustments to reconcile net income (loss) to net cash provided (used) in operating activities:
Loss on conversions of notes payable and accrued interest to common stock
Loss on conversions of notes payable
Amortization of right of first refusal agreement
Amortization of debt discounts
Forgiveness of debt
(Income) expense from derivative liability
Issuance of common stock for compensation
Issuance of common stock for accrued compensation
Issuance of Series B preferred stock for accrued compensation
Changes in operating assets and liabilities:
Prepaid officer compensation
Note receivable
Note receivables
Accounts payable
Accrued interest
Accrued officer compensation
Net cash used in operating activities
Proceeds from loans, related party
Net cash provided by financing activities
NET (DECREASE) IN CASH
CASH BALANCE, BEGINNING OF PERIOD
CASH BALANCE, END OF PERIOD
Supplemental Disclosures of Cash Flow Information:
Non-cash Investing and Financing Activities:
Issuance of warrants
Initial derivative liability charged to debt discount
Conversion of note payable ($22,500) and accrued interest ($814) into 13,795,118 shares of common stock (Fair Value of $45,524) for the six months ended June 30, 2021
Conversion of FirstFire note into 5,000 shares of common stock (Fair Value of $ 39,000) for the three months ended June 30, 2021,
Conversion of FirstFire note into 10,000,000 shares of common stock (Fair Value of $ 65,999) for the three months ended September 30, 2021
Conversion of FirstFire note into 25,000,000 shares of common stock (Fair Value of $ 37,500 ) for the three months ended June 30, 2022
Conversion of FirstFire note into 135,000,000 shares of common stock (Fair Value of $ 135,000) for the three months ended September 30, 2022
Conversion of FirstFire note into 64,000,000 shares of common. stock (Fair Value of $ 64,000) for the three months ended December
Conversion of FirstFire note into 72,000,000 shares of common stock (Fair Value of $ 72,000) for the year ended December 31, 2023
