v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net loss $ (2,751,759) $ (279,647) $ (3,740,821) $ (1,187,168)  
Adjustments to reconcile net loss to cash used in operating activities          
Depreciation and amortization     5,919 51,990  
Right to use asset depreciation     74,890 27,133  
Stock compensation     135,679 10,366  
Recovery of cost from related party receivable (100,000)   (300,000)    
Gain on termination of operating lease       (1,421)  
Gain on sale of fixed assets       (5,000)  
Gain on disposal of discontinued operations   (103,561) (16,428) (39,632)  
Reserve for accounts 30,000 7,641 30,000 266  
Change in assets and liabilities          
Prepaid expenses and other assets     120,598 79,996  
Accounts payable and accrued expenses     272,976 91,929  
Advances (repayments) from related party     689,457 (1,174)  
Other liabilities       62,580  
Lease liability payments     (69,669) (23,466)  
Deferred taxes       (14,200)  
Net cash used in operating activities     (2,797,399) (908,435)  
CASH FLOWS FROM INVESTING ACTIVITIES:          
(Payments)/proceeds for real estate assets owned     (3,920) 80,076  
Purchase of fixed assets     (1,286) (13,299)  
Proceeds from sale of fixed assets       5,000  
Cash received from investment in note receivable - related party     1,500,000    
Net cash received from business acquisition     (246,914) 51,327  
Net cash provided by investing activities     1,355,325 326,919  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Borrowings     185,785    
Principal repayments     (108,043) (135,149)  
Exercise of warrants     3,081,480 22,320  
Proceeds from stock subscription     9,447,535    
Net cash provided by (used in) financing activities     12,606,757 (112,829)  
NET INCREASE (DECREASE) IN CASH     11,164,683 (694,345)  
CASH - BEGINNING OF YEAR     1,069,823 3,520,753 $ 3,520,753
CASH - END OF YEAR $ 12,234,506 $ 2,826,408 12,234,506 2,826,408 $ 1,069,823
SUPPLEMENTAL DISCLOSURES OF CASHFLOW INFORMATION          
Cash paid for interest     10,326 31,936  
Income taxes      
SUPPLEMENTAL DISCLOSURES OF NON-CASHFLOW INFORMATION          
Financing loan for purchase of fixed assets       12,892  
Insurance financing     192,514 127,490  
ROU asset obligation recognized       331,477  
Original Product [Member]          
CASH FLOWS FROM INVESTING ACTIVITIES:          
Net collections of finance receivables     74,117 115,769  
Special Product [Member]          
CASH FLOWS FROM INVESTING ACTIVITIES:          
Net collections of finance receivables     $ 33,328 $ 88,046  

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