Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

v3.21.1
Consolidated Statements Of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows From Operating Activities:    
Net Loss $ (3,057,000) $ (1,965,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on discontinued operations (110,000) (246,000)
Depreciation and amortization 38,000 37,000
Common stock issued for employee compensation 1,335,000 143,000
Amortization of debt discount on convertible notes payable 50,000 62,000
Loss on disposition of assets (11,000)  
Bargain purchase gain on acquisition of subsidiary (11,000)
SBA EIDL grant (3,000)
Loss on issuance of long-term convertible notes payable (514,000)
Change in Value of derivative liability 132,000
Unrealized loss on trading securities (3,000)
Changes in operating assets and liabilities:    
(Increase) Decrease in receivable from related parties (50,000) 48,000
Increase in other receivables 4,000
(Increase) Decrease in prepaid expenses 34,000 (6,000)
(Increase) Decrease in operating lease right-of-use asset 14,000 (9,000)
Increase in other assets 7,000
Increase in accounts payable and accrued liabilities 420,000 719,000
Increase in accrued interest on short-term advances - related party 69,000 46,000
Increase in accrued interest on line of credit - related party 70,000 66,000
Increase in accrued interest and liquidated damages on convertible notes 59,000 156,000
Net cash used in operating activities from continuing operations (501,000) (545,000)
Net cash used in operating activities from discontinued operations (20,000) (218,000)
Net Cash Used in Operating Activities (521,000) (763,000)
Cash Flows From Investing Activities:    
Purchase of property and equipment 15,000
Sale of property and equipment 9,000
Net Cash Used in Investing Activities (6,000)
Cash Flows From Financing Activities:    
Proceeds from short-term advances - related party 749,000
Proceeds from long-term convertible notes 1,000,000
Proceeds from SBA EIDL grant 3,000
Proceeds from SBA PPP note payable 71,000
Payments on short-term convertible notes payable 47,000
Net Cash Provided by Financing Activities 1,027,000 749,000
Net increase (decrease) in Cash, cash equivalents, and restricted cash 500,000 (14,000)
Cash, cash equivalents, and restricted cash at beginning of period 10,000 24,000
Cash, cash equivalents, and restricted cash at end of period 510,000 10,000
Supplemental Disclosure of Interest and Income Taxes Paid:    
Interest paid during the period 1,000 4,000
Income taxes paid during the period
Supplemental Disclosure of Non-cash Investing and Financing Activities:    
Debt discounts on long-term convertible notes payable 1,000,000
Warrants issued for debt settlement 96,000
Common stock issued for debt conversion $ 452,000 $ 100,000