What changed in this filing

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Item 2. Management’s Discussion and Analysis

2022-11-21 compared with 2022-08-15 · 38 added, 38 removed, 155 unchanged (33% of the section changed)

79 unchanged sentences

Results of Operations for the three months

ended June 30, 2022 and 2021

Three months ended June 30,

ended September 30, 2022 and 2021

Three months ended September 30,

Operating expenses:

4 unchanged sentences

Interest expense

Loss on change in derivative liability

Gain (loss) on change in derivative liability

Total other expense

Operating expenses

three months ended June 30, 2022, our total operating expenses included general and administrative expenses of $31,211 as compared to

$531,550 during the three months ended June 30, 2021.

three months ended September 30, 2022, our total operating expenses included general and administrative expenses of $33,313 as compared

to $392,852 during the three months ended September 30, 2021.

T he $359,539 decrease is primarily associated with decreases in stock-based

1 unchanged sentence

Other expense

three months ended June 30, 2022, total other expense was $400,870 as compared to $101,384

during the three months ended June 30, 2021.

The $299,486 change was mainly related to the loss on change in derivative liability.

Results of Operations for the six

months ended June 30, 2022 and 2021

Six months ended June 30,

three months ended September 30, 2022, total other expense was $43,417 as compared to $68,301

during the three months ended September 30, 2021.

The $24,884 change was mainly related to the change in derivative liability.

Results of Operations for the nine months

ended September 30, 2022 and 2021

Nine months ended September 30,

Operating expenses:

8 unchanged sentences

Operating expenses

six months ended June 30, 2022, our total operating expenses included general and administrative expenses of $99,808 as compared to $ 1,250,987

during the six months ended June 30, 2021.

The $1,151,179 decrease is primarily associated

with decreases in stock-based compensation and investor relation expenses.

nine months ended September 30, 2022, our total operating expenses included general and administrative expenses of $133,121 as compared

to $ 1,643,839 during the nine months ended September 30, 2021.

The $1,510,718 decrease

is primarily associated with decreases in stock-based compensation and investor relation expenses.

Other expense

six months ended June 30, 2022, total other expense was $437,019 as compared to $ 155,886 during

the six months ended June 30, 2021.

The $281,133 change was mainly related to related to the loss on change in derivative liability.

nine months ended September 30, 2022, total other expense was $480,436 as compared to $ 224,187

during the nine months ended September 30, 2021.

The $256,249 change was mainly related to related

to the loss on change in derivative liability.

Liquidity and Capital Resources

5 unchanged sentences

unable to continue as a going concern.

At June 30, 2022, we had not yet generated sufficient revenues or achieved profitable operations

At September 30, 2022, we had not yet generated sufficient revenues or achieved profitable operations

and we have accumulated losses of $18,583,370.

4 unchanged sentences

they come due, of which there can be no assurance.

During the six months ended June 30, 2022, the

Company entered into two unsecured promissory notes totaling $40,000 and three unsecured promissory notes with related parties totaling

During the nine months ended September 30, 2022,

the Company entered into five unsecured promissory notes totaling $63,000 and four unsecured promissory notes with related parties totaling

We anticipate that additional funding will be

3 unchanged sentences

operating, investing and financing activities is as follows:

Six months ended June 30,

Nine months ended September 30,

Net cash used in operating activities

4 unchanged sentences

Cash end of period

At June 30, 2022, we had $2,709 in cash and a

$1,854,729 working capital deficit.

At September 30, 2022, we had $2,144 in cash and

a $1,864,659 working capital deficit.

This compares to cash of $18,766 and a working capital deficit of $1,459,741 at December 31, 2021.

Net cash used in operating activities during the

six months ended June 30, 2022 was $85,288 and was mainly comprised of our $536,827 net loss during the period, adjusted by a non-cash

nine months ended September 30, 2022 was $131,853 and was mainly comprised of our $613,557 net loss during the period, adjusted by a non-cash

charges of $29,408 of stock compensation, loss on change in derivative liability of $238,640 and accretion of discounts on notes payable

In addition, it reflects changes in operating assets and liabilities of $30,509.

Net cash used in operating activities from during

the six months ended June 30, 2021 was $198,359 and was mainly comprised of our $1,406,873 net loss during the period, adjusted by a non-cash

charges of $1,099,902 of stock compensation, loss on change in derivative liability of $7,392 and accretion of discounts on notes

payable of $115,583.

Net cash used in operating activities from continuing

operations during the nine months ended September 30, 2021 was $259,642 and was mainly comprised of our $1,868,026 net loss during the

period, adjusted by a non-cash charges of $1,426,078 of stock compensation, loss on change in derivative liability of $22,369 and accretion

of discounts on notes payable of $153,438.

In addition, it reflects changes in operating assets and liabilities of $6,499.

Net cash used in investing activities during the

six months ended June 30, 2022 was $769 which was comprised of cash payments for development costs.

nine months ended September 30, 2022 was $769 which was comprised of cash payments for development costs.

Net cash used in investing activities during the

six months ended June 30, 2021 was $36,727 which was comprised of cash payments for development costs.

During the six months ended June 30, 2022, net

cash provided by financing activities was $70,000 comprised of $40,000 proceeds from notes payable and $30,000 proceeds from notes payable

from related parties.

During the six months ended June 30, 2021, net

cash provided by financing activities from continuing operations was $412,185 comprised of $175,000 proceeds from convertible debt from

third parties, $287,000 proceeds from exercise of warrants, $605 proceeds on advances from third parties, offset by $20,000 payments on

advances and $30,420 payments on advances from third parties.

nine months ended September 30, 2021 was $80,537 which was comprised of cash payments for development costs.

During the nine months ended September 30, 2022,

net cash provided by financing activities was $116,000 comprised of $63,000 proceeds from notes payable and $53,000 proceeds from notes

payable from related parties.

the nine months ended September 30, 2021, net cash provided by financing activities from continuing operations was $412,185 comprised

of $175,000 proceeds from convertible debt from third parties, $287,000 proceeds from exercise of warrants, $605 proceeds on advances

from third parties, offset by $30,420 payments on advances from third parties and $20,000 payments on advances from related parties .

Off Balance Sheet Arrangements

21 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 2. Management’s Discussion and Analysis