Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cashflows

v3.24.1
Consolidated Statements of Cashflows - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net loss $ (3,324,180) $ (1,504,681)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 29,398 2,160
Stock issued for services 192,040 50,960
Preferred stock dividend paid with stock 10,325 2,265
Preferred stock issued for liquidated damages 296,043
Common stock issued for liquidated damages 781,684  
Interest expense paid with stock on conversion 8,886
Changes in operating assets and liabilities:    
Prepaid expenses (3,418) (2,903)
Accounts payable and accrued expenses (25,499) 76,437
Liquidated damages and accrued interest (282,916) 282,916
Net cash used in operating activities (2,326,523) (1,083,960)
Cash flows from investing activities:    
Purchases of property and equipment (7,986)
Capitalized software costs (168,513)
Net cash used in investing activities (176,499)
Cash flows from financing activities:    
Proceeds from sale of common stock 1,591,492 737,000
Subscription receivable 33,000 (33,000)
Costs incurred for equity sales (17,601) (149,137)
Proceeds from sale of preferred stock 1,259,995
Net cash provided by financing activities 1,606,891 1,814,858
Net (decrease) increase in cash (896,131) 730,898
Cash, beginning of year 1,155,343 424,445
Cash, end of year 259,212 1,155,343
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