v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (7,151,876) $ (9,513,166)
Adjustments to reconcile net loss to net cash used in operating activities:    
Bad debt provision 2,295
Depreciation 167,390 250,553
Change in straight-line rent receivable (7,227) (19,581)
Amortization of operating lease right-of-use asset 89,731 101,980
Stock-based compensation and service expense 1,056,214 983,036
(Income) loss from equity method investments (351,496) 33,809
Impairment of equity method investment 464,406
Amortization of debt issuance costs and debt discount 290,794 3,303,282
Conversion inducement expense 344,264
Change in fair market value of derivative liability (128,894) (600,749)
Changes in operating assets and liabilities:    
Rent receivable 31,848 (33,049)
Security deposit 398 (424)
Deferred leasing costs 25,051 18,947
Prepaid expense and other assets (29,393) (65,963)
Accounts payable 86,826
Accrued liabilities and other payables (140,442) 63,089
Accrued liabilities and other payables - related parties 59,481 79,898
Operating lease obligation (84,387) (107,979)
NET CASH USED IN OPERATING ACTIVITIES (5,708,402) (5,072,932)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (22,171) (1,749)
Additional investment in equity method investment (52,994)
NET CASH USED IN INVESTING ACTIVITIES (22,171) (54,743)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayments of note payable - related party (390,000)
Proceeds from loan payable - related party 850,000 100,000
Repayments of loan payable - related party (410,000)
Proceeds from issuance of convertible debt and warrants 1,900,000 3,718,943
Payments of convertible debt issuance costs (210,500)
Proceeds from issuance of balloon promissory note 1,000,000 4,800,000
Payments of balloon promissory note issuance costs (64,436) (266,454)
Proceeds from equity offering 635,391 735,567
Disbursements for equity offering costs (19,132) (24,067)
NET CASH PROVIDED BY FINANCING ACTIVITIES 4,091,323 8,263,989
EFFECT OF EXCHANGE RATE ON CASH (9,889) (5,893)
NET (DECREASE) INCREASE IN CASH (1,649,139) 3,130,421
CASH - beginning of period 1,990,910 807,538
CASH - end of period 341,771 3,937,959
Cash paid for:    
Interest 442,222 44,000
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for future services 58,500 19,680
Common stock issued for accrued liabilities 164,871 30,000
Reclassification of advances for equity interest purchase to equity method investment 9,000,000
Series B Convertible Preferred Stock issued related to equity method investment 11,000,000
Accrued purchase price related to equity method investment 1,000,000
Warrants issued as convertible note payable finder's fee 13,597
Warrants issued with convertible note payable recorded as debt discount 156,345 498,509
Bifurcated embedded conversion feature recorded as derivative liability and debt discount 2,782,569
Common stock issued as convertible note payable commitment fee 182,500
Deferred financing costs in accrued liabilities 152,892
Conversion of convertible note payable and accrued interest into common stock 4,072,958
Reclassification of derivative liability to equity 2,181,820
Related party loan and accrued interest settled in shares $ 2,888,593

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