General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

v3.21.4
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
 7 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2021
Cash flow from operating activities:    
Net loss $ (376,657) $ (25,345,840)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 60,963 14,256,318
Expenses funded by related party 53,662 0
Amortization of right of use asset 0 252,951
Noncash interest expense 0 58,312
Depreciation and amortization 194 134,557
Changes in operating assets and liabilities:    
Accounts receivable 0 (35,663)
Inventory 0 (2,328,686)
Inventory deposits 0 (2,940,314)
Prepaid assets and other current assets (10,000) (238,525)
Other assets 0 (698,627)
Accounts payable 59,230 1,249,314
Accrued liabilities 0 120,322
Right of use liabilities - operating lease 0 (194,175)
Customer deposits 0 2,278,240
Net cash provided by (used in) operating activities (212,608) (13,286,816)
Cash flow from investing activities:    
Purchase of property and equipment 0 (694,553)
Purchase of intangible assets (17,438) (13,125)
Net cash used by investing activities (17,438) (707,678)
Cash flow from financing activities:    
Proceeds from SAFE liability 1,625,000 0
Proceeds from WeFunder offering, net of offering costs of $53,500 0 2,205,440
Repayment of notes payable 0 (8,488)
Repayment of related party note (21,286) 0
Proceeds from issuance of founders shares 10,833 0
Proceeds from issuance of common stock with promissory notes, net of $65,000 of issuance costs 0 735,000
Net cash provided by financing activities 1,614,547 16,115,791
NET CHANGE IN CASH 1,384,501 2,121,297
CASH AT BEGINNING OF PERIOD 0 536,082
CASH AT END OF PERIOD 1,384,501 2,657,379
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 9,209
Cash paid for income taxes $ 0 $ 0