Decorative
Decorative
Decorative Decorative

Cash Flow

v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (3,043,399) $ (2,160,517)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 26,978 938
Stock-based compensation expense 137,358 146,580
Change in fair value of derivative liabilities (43,655) 238,350
Amortization of debt discount 154,836 141,490
Changes in assets and liabilities:    
Prepaid expenses 7,213 (34,199)
Prepaid expenses - related party (35,476) 0
Other current asset (52,880) 0
Accounts payable (19,160) 135,514
Accounts payable - related parties 21,896 (7,032)
Accrued interest - related party 43,128 (958)
Accrued payroll liabilities (107,413) 70,448
Operating lease liability (19,565) 0
Other current liabilities 15,264 121,298
Net cash used in operating activities (2,914,875) (1,348,088)
Cash flows from investing activities:    
Purchase of property and equipment (1,999) (10,696)
Net cash used in investing activities (1,999) (10,696)
Cash flows from financing activities:    
Repayment of insurance premium loan payable (61,230) 0
Net cash (used in) provided by financing activities (59,263) 4,041,800
Net (decrease) increase in cash and restricted cash (2,976,137) 2,683,016
Cash and restricted cash, beginning of period 8,987,578 2,473,976
Cash and restricted cash, end of period 6,011,441 5,156,992
Reconciliation of cash and restricted cash:    
Cash 6,006,869 5,152,425
Restricted cash 4,572 4,567
Total cash and restricted cash shown in the consolidated statements of cash flows 6,011,441 5,156,992
Cash paid during the period for:    
Interest 0 44,087
Supplemental disclosures of non-cash financing activities:    
Financing of insurance premium   0
Release of share liability to additional paid-in-capital 13,000 0
Common Stock Warrants    
Cash flows from financing activities:    
Proceeds from warrant exercises 0 4,030,000
Prefunded Warrants    
Cash flows from financing activities:    
Proceeds from warrant exercises $ 1,967 $ 11,800

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