Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Cash flows from operating activities:      
Net income (loss) from continuing operations $ 805,560 $ (2,266,132)  
Adjustments to reconcile net (income) loss to net cash used in operations:      
Depreciation and amortization 94,135 116,824  
Other income from forgiveness of PPP notes payable (334,819)  
Net gain from legal settlements (563,032) (5,282)  
Loss from discontinued operations (1,434)  
Changes in operating assets and liabilities:      
Accounts receivable 262,053 140,155  
Inventory (34,533) (10,764)  
Prepaid expenses and other current assets (105,039) 22,217  
Security deposits 1,117 (10,000)  
Change in right-of-use assets 68,302 27,412  
Accounts payable 241,545 734,227  
Accrued expenses 439,425 465,651  
Change in right-of-use operating lease obligations (68,302) (27,412)  
Net cash provided by (used in) operating activities of continuing operations 1,141,231 (1,149,357)  
Net cash used in operating activities of discontinued operations (2,323)  
Net cash provided by (used in) operating activities 1,141,231 (1,151,680)  
Cash flows from investing activities:      
Purchases of equipment (220,453)  
Note receivable / receivable from related party (313,853) (127,313)  
Net cash used in investing activities of continuing operations (534,306) (127,313)  
Net cash from investing activities of discontinued operations  
Net cash used in investing activities (534,306) (127,313)  
Cash flows from financing activities:      
Proceeds from related party loans 580,000 750,000  
Payments on related party loans (572,000)  
Payments of debentures (300,000)  
Payments on notes payable (563,174) (933,418)  
Receivables paid under accounts receivable sales agreements (158,824)  
Proceeds from issuances of Series P Preferred Stock 1,000,000  
Cash paid for fractional shares in connection with reverse stock split (9)  
Net cash (used in) provided by financing activities of continuing operations (855,174) 657,749  
Net cash from financing activities of discontinued operations  
Net cash (used in) provided by financing activities (855,174) 657,749  
Net change in cash (248,249) (621,244)  
Cash at beginning of period 499,470 724,524 $ 724,524
Cash at end of period $ 251,221 $ 103,280 $ 499,470