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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (6,138,615) $ (2,571,408)
Adjustment to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 36,308 19,431
Amortization of operating lease right-of-use assets 76,801 0
Gain on forgiveness of PPP loan (28,458) 0
Amortization of debt discounts 30,032 0
Stock compensation expense 1,238,502 537,800
Loss on investment in and receivable from Can B Corp 0 483,472
Loss on purchase of United Spirits 1,428,465 0
Change in operating assets and liabilities:    
Accounts receivable 2,937,788 227,980
Inventory 87,916 (115,424)
Equipment Deposit (1,834,520) 0
Operating lease liabilities (80,567) 0
Accounts payable and accrued expenses (1,776,018) 403,116
Prepaid expense and other current assets (74,116) (22,187)
Loans payable to officer and affiliated entity-noninterest bearing and due on demand (15,637) 0
Deferred revenue (43,565) 0
Other receivable (25,935) 0
Other payables 35,713 0
Net cash used in operating activities (4,145,906) (1,037,220)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash paid from acquisition of TopPop (3,547,770) 0
Cash paid for Acquisition of United Spirits (1,000,000) 0
Leasehold improvements 0 (11,000)
Furniture and equipment 0 (8,708)
Net cash used in investing activities (4,547,770) (19,708)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Common stock and Series A-2 Preferred stock issued for Cash, net of fees 15,010,385 0
Repayment of note payable (2,015,380) (40,000)
Proceeds from issuance of notes payable 924,280 28,458
Proceeds from sale of Series G Preferred stock and warrants (net of placement agent fees of $150,000) 0 1,325,000
Repayment of loan payable to related party 0 (21,068)
Net cash provided by financing activities 13,919,285 1,292,390
Net increase in cash and restricted cash 5,225,609 235,462
Cash and restricted cash at beginning of year 457,041 263,638
Cash and restricted cash at end of year 5,682,650 499,100
SUPPLEMENTAL DISCLOSURE OF CASH AND NON-CASH TRANSACTIONS:    
Cash paid for interest 677,430 0
Common and preferred shares issued in exchange for old Series, E, F and G Preferred shares 3,665,865 0
Purchase and retirement of treasury stock (516,528) 516,528
Common stock issued to settle notes payable 5,415,416 0
Issuance of common stock in exchange for Series E Preferred stock 0 270
Issuance of common stock in exchange for Series F Preferred Stock $ 0 $ 1,187

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