Quarterly report pursuant to Section 13 or 15(d)

Statement of Cash Flows

v3.22.2.2
Statement of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net loss $ (792,445) $ (529,758)
Depreciation expense 1,620 1,196
Stock issued for services 36,760
Interest expense converted to stock 8,886
Adjustments to reconcile net loss to net cash used in operating activities:    
Prepaid expenses (123,838) (103,350)
Other assets 7,214
Accounts payable and accrued expenses 17,033 51,342
Net cash used in operating activities (851,984) (573,356)
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 sale of common stock 737,000 724,500
Proceeds from loan – related party 300
Proceeds from sale of preferred Series A 790,000
Net cash provided by financing activities 1,527,300 724,500
Net (decrease) increase in cash 675,316 142,597
Cash at the beginning of the period 424,445 101,317
Cash at the end of the period 1,099,761 243,914
Supplemental disclosures of cash flow information:    
Cash paid for interest
Cash paid for income taxes
Supplemental disclosures of noncash financing activities:    
Preferred Series A issued for conversion of notes payable 157,733
Common stock issued for conversion of notes payable and accrued interest $ 85,543