Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (850,083) $ (803,142)  
Adjustments to reconcile net loss to net cash (used in) operating activities:      
Depreciation expense 93,319 67,450 $ 292,102
Amortization of intangible asset 6,250 6,250  
Amortization of right to use 8,803 7,563  
Amortization of convertible debt, net 501,164  
Stock based compensation 34,800 14,200  
Change in operating assets and liabilities:      
Accounts receivable (70,307) (94,176)  
Inventory (453,496) (239,490)  
Unbilled revenue 8,278 (2,067)  
Prepaid expense (26,232)  
Other current assets 48,539 (19,195)  
VAT receivable 33,044  
Accounts payable and accrued liabilities 352,201 114,261  
Lease liabilities (8,718) (7,589)  
Provision for income taxes (38,555) 164  
Contract liabilities (6,401) (5,157)  
Net cash used in operating activities (868,558) (459,764)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (67,997) (459)  
Net cash used in investing activities (67,997) (459)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from (repayments to) note payable, related party, net 19,737 (226)  
Proceeds from common stock offering 5,605,038  
Repayments of note payable (60,643)  
Repayments to note payable Coronavirus loans (16,422)  
Proceeds of convertible debt 350,000  
Net cash provided by financing activities 5,608,353 289,131  
Effect of exchange rate on cash (31,841) 1,611  
Net increase (decrease) in cash 4,639,957 (169,481)  
Cash beginning of period 17,267,978 728,762 728,762
Cash end of period 21,907,935 559,282 $ 17,267,978
Cash paid during the period for      
Interest 3,243  
Income tax 38,555  
Non-cash adjustments during the period for      
Common stock issued for stock subscription payable 1,400,000  
Beneficial conversion feature on convertible debt 340,420  
Conversion of convertible debt into common shares $ 458,091