Current report filing

Statement of Cash Flows

v3.20.4
Statement of Cash Flows - USD ($)
 2 Months Ended 9 Months Ended
Dec. 31, 2019
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (1,550) $ (719,993)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Amortization expense   600
Expenses paid by founders 640  
Accretion of debt discount and debt issuance costs   148,136
Changes in operating assets and liabilities:    
Accounts payable 910 180
Accrued payroll taxes   22,021
Net cash used in operating activities (549,056)
Cash flows from investing activities:    
Purchases of computer equipment   (10,799)
Net cash used in investing activities (10,799)
Cash flows from financing activities:    
Proceeds from long-term notes, net of debt issuance costs of $85,500   925,000
Net cash provided by financing activities 925,000
Net (decrease) increase in cash 365,145
Cash at beginning of period
Cash at end of period 365,145
Cash paid during the period for:    
Interest
Income taxes
Non-cash investing and financing activities:    
Warrants issued to third party in conjunction with debt issuance   223,560
Total debt issuance costs at origination   $ 85,500