Annual report pursuant to Section 13 and 15(d)

Supplemental Disclosure of Cash Flow Information

v3.22.1
Supplemental Disclosure of Cash Flow Information
 12 Months Ended
Dec. 31, 2021
Supplemental Cash Flow Elements [Abstract]  
Supplemental Disclosure of Cash Flow Information

 Note 16 – Supplemental Disclosure of Cash Flow Information

 

             
    Year Ended December 31,  
    2021     2020  
Cash paid for interest   $ 100,000     $ 64,454  
Cash paid for income taxes   $ 281,025     $ -  
                 
Non-cash investing and financing activities:                
Preferred stock of InnovaQor received from the sale of HTS and AMSG   $ 9,117,500     $ -  
Net liabilities of HTS and AMSG transferred to InnovaQor     2,227,152       -  
Settlement of liability with InnovaQor preferred stock     60,714       -  
Issuance of notes payable in settlement of accounts payable and accrued expenses     2,352,961       -  
Series I-2 Preferred Stock converted into common stock     -       277,994  
Issuance of Series M Preferred Stock in exchange for related party loans and accrued interest     -       22,000,000  
Loans and accrued interest exchanged for Series M Preferred Stock     -       (18,849,632 )
Series M Preferred Stock converted/exchanged into common stock     1,189,650       -  
Deemed dividends from issuance of common stock warrants under exchange agreement     341,525       -  
Issuance of Series N Preferred Stock in exchange for debentures, accrued interest and Series I-1 Preferred Stock and Series I-2 Preferred Stock     -       30,435,519  
Debentures, accrued interest and Series I-1 Preferred Stock and Series I-2 Preferred Stock exchanged for Series N Preferred Stock     -       (19,342,322 )
Series N Preferred Stock converted into common stock     23,498,521       1,001,000  
Deemed dividends from the issuances of Series O Preferred Stock     2,000,000       -  
Deemed dividends from exchanges of debt for preferred stock     2,382,985       6,871,086  
Issuance of Series P Preferred stock in exchange for debentures, accrued interest and warrant promissory notes     7,111,230       -  
Deemed dividends from down-round provisions of warrants and debentures     490,216,634       256,383,632  
Deemed dividends from extensions of common stock warrants     11,535,862       -  
Exchange of Series K Preferred Stock for Series L Preferred Stock     -       (2,500 )
Issuance of Series L Preferred Stock     -       2,500  
Original issue discounts on debt     100,000       122,885