Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Cash Flows

v3.25.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (1,136,225) $ (3,981,144)
Adjustments to reconcile net loss to net cash used in operating activities:    
Impairment of goodwill 2,524,034
Amortization of debt discount 49,660
Stock-based compensation 361,363
Gain on forgiveness of accounts payable (227,402)
Common stock issued for settlement of payables 271,831
Common stock issued for legal settlements 74,053
Credit loss expense 25,500 48,000
Changes in operating assets and liabilities:    
Accounts receivable (93,403) (16,780)
Prepaid expenses and other assets 15,525 25,647
Accounts payable and accrued liabilities (39,331) 433,966
Deferred revenue (24,500) (201,250)
Net cash used in operating activities (1,084,292) (806,164)
Net cash from investing activities:    
Proceeds from potential acquisition 165,000
Net cash provided by investing activities 165,000
Cash flows from financing activities:    
Proceeds from the sale of common stock 168,000 572,906
Proceeds from loans payable 994,500
Payments on loans payable (62,990) (57,390)
Payments of shareholder advance (32,378)
Proceeds from accounts payable and accrued liabilities - related party 128,479 193,558
Payments on accounts payable and accrued liabilities - related party (128,479) (193,558)
Net cash provided by financing activities 1,099,510 483,138
Net increase (decrease) in cash 15,218 (158,026)
Cash, beginning of period 91,436 249,462
Cash, end of period 106,654 91,436
Supplemental disclosures of cash flow information:    
Cash paid for interest 30,591 6,448
Cash paid for income taxes
Non-cash investing and financing activities:    
Shares issued for vested restricted stock units 2 17
Shares issued for settlement of class action 600,000
Shares issued for cashless exercise of warrants 15
Shares issued for accrued legal settlement 285,294
Warrants issued in conjunction with convertible loans $ 973,200