Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net loss $ (1,221,765) $ (857,255)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 2,160 1,736
Stock issued for services 50,960
Preferred stock dividend paid with stock 2,265
Interest expense paid with stock on conversion 8,886
Changes in operating assets and liabilities:    
Prepaid expenses (2,903) 10,000
Accounts payable and accrued expenses 76,437 32,308
Net cash used in operating activities (1,083,960) (813,211)
Cash flows from investing activities:    
Purchases of property and equipment (6,449)
Net cash used in investing activities (6,449)
Cash flows from financing activities:    
Proceeds from sale of common stock 737,000 1,042,788
Proceeds from sale of preferred stock 1,259,995
Subscription receivable (33,000)
Costs incurred for equity sales (149,137)
Net cash provided by financing activities 1,814,858 1,042,788
Net (decrease) increase in cash 730,898 223,128
Cash, beginning of year 424,445 201,317
Cash, end of year 1,155,343 424,445
Supplemental disclosures of cash flow information:    
Cash paid during period for interest
Cash paid during period for taxes
Supplemental disclosure of non-cash investing and financing activities:    
Preferred Series A issued for exchange of convertible notes and accrued interest 157,733
Common shares issued upon conversion of convertible notes and accrued interest $ 85,543