Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows (Unaudited)

v3.21.2
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net Loss $ (368,363) $ (234,272)
Adjustments to reconcile net loss to net cash used in operations:    
Amortization of Debt Discount 5,688 9,812
Accreted interest on Note Receivable (17,809)
Depreciation expense 80 80
Amortization on website development cost 1,336
Net loss from equity method investment 13,406 49,235
Unrealized Loss (Gain) on Available-for-sale securities 20,500 (128,000)
Change in Operating Assets and Liabilities:    
Interest Receivable (4,923)
Prepaid Expenses 25,000
Accounts Payable and Accrued Expenses 40,290 123,139
Accounts Payable and Accrued Expenses, related party 60,000 60,000
Accumulated losses on unconsolidated investees in excess of investment 39,742
Net Cash used in Operating activities (185,053) (120,006)
Cash Flows from Investing Activities    
Notes Receivable (119,000)
Website development cost (9,500)
Advance to a related party (17,500)
Net Cash used in Investing Activities (128,500) (17,500)
Cash Flow from Financing Activities    
Payment of Convertible Note Payable (25,000)
Proceeds from Issuance of Note Payable 34,500
Proceeds from Issuance of Convertible Note Payable, related party, net 50,000
Proceeds from short term advances, related parties 392,500 101,950
Net Cash provided by financing activities 417,500 136,450
Net cash increase (decrease) for the period 103,947 (1,056)
Cash beginning of the Period 5,632 9,184
Cash end of the Period 109,579 8,128
Supplemental disclosure for Cash Flow Information    
Cash paid for income taxes
Cash paid for interest expense 27,545 2,352
Supplemental disclosure for Non Cash investing and financing activities:    
Investment at Fair Value received from issuance of Note Receivable 43,000
Beneficial conversion features an convertible notes payable - related party $ 3,799