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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (9,162,339) $ (4,710,150)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 571,106 36,308
Amortization of operating lease right-of-use assets 562,926 76,801
Amortization of debt discounts 0 30,032
Gain on forgiveness of PPP loan 0 (28,458)
Change in allowance for doubtful accounts 47,000 0
Provision for excess and obsolete inventory 40,000 0
Amortization of intangibles 2,389,853 0
Equity compensation 744,557 1,238,502
Change in fair value of contingent consideration (12,984,661)  
Loss on impairment of Goodwill 10,694,448 0
Change in operating assets and liabilities:    
Accounts receivable (3,827,294) 2,937,788
Inventory (663,050) 87,916
Equipment deposit 0 (1,834,520)
Operating lease liabilities (378,879) (80,567)
Accounts payable and accrued expenses 3,754,303 (1,776,018)
Prepaid expense and other current assets (489,008) (74,116)
Loans payable to officer and affiliated entity-noninterest bearing and due on demand 0 (15,637)
Other assets (278,836) (25,935)
Other current liabilities 44,999 35,713
Deferred revenue 1,592 (43,565)
Net cash used in operating activities (8,933,283) (4,145,906)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash paid from acquisition of TopPop 0 (3,547,770)
Cash paid for Acquisition of United Spirits 0 (1,000,000)
Fixed assets and leasehold improvements (2,497,195) 0
Net cash used in investing activities (2,497,195) (4,547,770)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Common Stock and Series A-2 Preferred Stock issued for Cash, net of fees 10,998,076 15,010,385
Net proceeds from factoring arrangement 1,063,323 0
Proceeds from note payable 0 924,280
Repayment of note payable (23,334) (2,015,380)
Net cash provided by financing activities 12,038,065 13,919,285
Net increase in cash 607,587 5,225,609
Cash and cash at beginning of year 2,190,814 457,041
Cash and cash at end of year 2,798,401 5,682,650
SUPPLEMENTAL DISCLOSURE OF CASH AND NON-CASH TRANSACTIONS:    
Cash paid for interest 304,309 677,430
Common and preferred stock issued in exchange for old Series, E, F and G Preferred stock 0 3,665,865
Purchase and retirement of treasury stock 0 (516,528)
Common Stock issued to settle notes payable 0 5,415,416
Recognition of right of use asset - operating lease 2,617,474 0
Purchase of equipment with promissory note 70,000 0
Conversion of Series A-2 Preferred Stock for Common Stock $ 3,543 $ 0

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