Cash Flow

v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (9,513,166) $ (6,756,247)
Adjustments to reconcile net loss to net cash used in operating activities:    
Bad debt provision 2,295 6,252
Depreciation 250,553 226,735
Change in straight-line rent receivable (19,581) (59,117)
Amortization of right-of-use asset 101,980 93,342
Stock-based compensation and service expense 983,036 1,621,452
Loss on equity method investment 33,809 48,135
Amortization of debt discount 3,281,078
Amortization of debt issuance costs 22,204
Conversion inducement expense 344,264
Change in fair market value of derivative liability (600,749)
Changes in operating assets and liabilities:    
Rent receivable 4,751 1,802
Rent receivable - related party (37,800) (21,000)
Security deposit (424) 6,826
Deferred leasing costs 18,947 13,348
Other assets (65,963) 21,218
Accounts payable 86,826
Accrued liabilities and other payables 63,089 1,435,548
Accrued liabilities and other payables - related parties 79,898 141,528
Operating lease obligation (107,979) (87,342)
NET CASH USED IN OPERATING ACTIVITIES (5,072,932) (3,307,520)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (1,749) (17,449)
Improvement of commercial real estate (10,332)
Additional investment in equity method investment (52,994) (40,179)
NET CASH USED IN INVESTING ACTIVITIES (54,743) (67,960)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayments of note payable - related party (390,000)
Proceeds from loan payable - related party 100,000 763,189
Repayments of loan payable - related party (410,000)
Proceeds from issuance of convertible debt and warrants 3,718,943
Proceeds from issuance of balloon promissory note 4,800,000
Payments of debt issuance costs (266,454)
Proceeds from equity offering 735,567 2,518,708
Disbursements for equity offering costs (24,067) (103,561)
NET CASH PROVIDED BY FINANCING ACTIVITIES 8,263,989 3,178,336
EFFECT OF EXCHANGE RATE ON CASH (5,893) 2,818
NET INCREASE (DECREASE) IN CASH 3,130,421 (194,326)
CASH - beginning of period 807,538 726,577
CASH - end of period 3,937,959 532,251
Cash paid for:    
Interest 44,000
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for future services 19,680 258,655
Common stock issued for accrued liabilities 30,000 276,032
Deferred financing costs in accrued liabilities 165,024
Accrued professional fees relieved for shares issued 202,500
Warrants issued with convertible note payable recorded as debt discount 498,509
Bifurcated embedded conversion feature recorded as derivative liability and debt discount 2,782,569
Conversion of convertible note payable and accrued interest into common stock 4,072,958
Reclassification of derivative liability to equity 2,181,820
Related party loan and accrued interest settled in shares $ 2,888,593

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