v3.21.1
Consolidated Statement of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,763,375) $ (1,379,756)
Adjustments to reconcile net loss to net cash (used in) operating activities:    
Depreciation expense 269,926 250,328
Amortization of intangible asset 25,000 25,000
Amortization of right of use asset 28,073 9,552
Impairment of other asset 50,000
Amortization of convertible debt, net 956,554 257,445
Stock based compensation 830,900
Change in fair value of derivative liabilities (69,677)
Gain on debt extinguishment (269,261) (134,677)
Fair value of options granted 830,900
Convertible debt issued for services 113,000
Changes in operating assets and liabilities:    
Accounts receivable 67,322 (73,827)
Inventory 4,876 (97,274)
Unbilled revenue 495 11,029
Prepaid expense 16,812 (16,670)
Other current assets 68,874 (53,073)
Operating lease liabilities (28,158) (12,374)
Accounts payable and accrued liabilities (111,616) 289,751
Provision for income taxes (2,899) 11,160
Contract liabilities (4,503) 21,506
Net cash used in operating activities (836,980) (659,203)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (34,903) (70,194)
Net cash used in investing activities (34,903) (70,194)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from (repayments to) related party, net 50,989 12,044
Proceeds from (repayments to) note payable Coronavirus loans 362,457 (46,422)
Proceeds of convertible debt 1,177,000 757,000
Repayments to convertible notes payable (87,778)
(Repayments to) proceeds from line of credit (24,483) 24,483
Net cash provided by financing activities 1,565,963 659,327
Effect of exchange rate on cash (40,680) 2,544
Net increase in cash 653,400 (67,526)
Cash beginning of year 75,362 142,888
Cash end of year 728,762 75,362
Cash paid during the period for    
Interest 20,270
Income tax
NON-CASH FINANCING AND INVESTING ACTIVITIES DURING THE YEAR    
Beneficial conversion feature on convertible debt 1,136,901 805,000
Issuance common stock from convertible debt 687,734
Long term debt issued in exchange for preferred stock 168,270
Obtaining right of use asset for lease liability $ 86,377

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