Quarterly report pursuant to Section 13 or 15(d)

Statement of Cash Flows

v3.21.2
Statement of Cash Flows
 6 Months Ended
Jun. 30, 2021
USD ($)
Cash flows from operating activities  
Net loss $ (233,764)
Depreciation expense 476
Adjustments to reconcile net loss to net cash  used in operating activities:  
  Prepaid expenses (37,416)
   Accounts payable and accrued expenses 7,214
   Notes payable to shareholders
     Net cash used in operating activities (263,490)
Cash flows from investing activities  
  Purchase of property and equipment (6,449)
  Purchase of intangible assets, Trademarks (2,098)
     Net cash used in investing activities (8,547)
Cash flows from financing activities  
   Proceeds from issuance of Senior Secured Convertible Promissory Notes 724,500
Net cash provided by financing activities 724,500
Net increases in cash and restricted cash 452,463
Cash and restricted cash  at the beginning of the year 201,317
Cash and restricted cash at the end of the year 653,780
Supplemental disclosures of cash flow information:  
Cash paid for interest
Cash paid for income taxes