Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows - USD ($)
2 Months Ended 12 Months Ended
Dec. 31, 2019
Dec. 31, 2020
Cash flows from operating activities:    
Net loss $ (1,550) $ (1,259,590)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 346
Amortization expense 10,954
Expenses paid on behalf of company - related party 640
Accretion of debt discount 275,333
Accretion of original issuance costs 67,823
Changes in operating assets and liabilities:    
Accounts payable 910 15,095
Accrued payroll and payroll taxes 59,707
Other current liabilities 523
Net cash used in operating activities (829,809)
Cash flows from investing activities:    
Website development costs (10,799)
Net cash used in investing activities (10,799)
Cash flows from financing activities:    
Proceeds from short-term convertible notes 925,010
Net cash used in financing activities 925,010
Net increase in cash 84,402
Cash at beginning of period
Cash at end of period 84,402
Cash paid during the period for:    
Income taxes
Non-cash investing and financing activities:    
Beneficial conversion feature in conjunction with debt issuance 129,938
Warrants issued to third parties in conjunction with debt issuance 223,560
Original issue discount issued in conjunction with debt 85,495
Common stock issued to third parties in conjunction with exchange of debt 396,000
Issuance of common stock issued to founders $ 50