Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Operating activities              
Net loss $ (213,976) $ (4,815,431) $ (2,425,339) $ (3,057,306) $ (5,029,407) $ (5,482,645)  
Adjustments to reconcile net loss to net cash used in operations              
Depreciation and amortization         398,240 569,811  
Amortization of right-of-use assets         92,531 92,867  
Amortization of debt discount         1,351,351 796,863  
Recognition of share based compensation         45,099 68,169  
Change in fair value of derivative liabilities (645,830)   (224,378)   (949,680) (192,562)  
Derivative expense 0   147,721   1,775,057 496,055  
Gain on settlement of liabilities         (840,932) (2,681,586)  
Gain (loss) on equity method investment - Centercom - related party         24,628 (145,336)  
Gain on deconsolidation of subsidiary (True Wireless) (1,895,871)     (1,895,871)  
Changes in operating assets and liabilities (Increase) decrease in              
Accounts receivable         (411,943) 2,241,635  
Lifeline revenue - due from USAC         105,532 (172,300)  
Inventory         (71,700) (102,682)  
Prepaids         (462) 64,534  
Other         66,457  
Accounts payable and accrued expenses         1,824,604 1,971,652  
Accounts payable and accrued expenses - related party         (1,305,278)  
Deferred revenue         122,600 317,148  
Gain contingency         (38,040)  
Operating lease liability         (89,616) (101,029)  
Net cash used in operating activities         (4,855,247) (2,230,989)  
Investing activities              
Purchase of property and equipment         (45,983) (2,836)  
Cash disposed in deconsolidation of subsidiary (True Wireless)         (325,316)  
Net cash used in investing activities         (371,299) (2,836)  
Financing activities              
Proceeds from stock and warrants issued for cash         1,510,000 705,000  
Repurchase of common stock         (500,000)  
Proceeds from loans - related party         2,123,000 200,000  
Repayments of loans - related party         (63,000) (100,000)  
Proceeds from notes payable         648,082  
Repayments on notes payable         (250,000) (27,500)  
Proceeds from SBA notes         518,167  
Proceeds from convertible notes         2,550,000 1,912,000  
Repayments on convertible notes - net of overpayment         (1,260,792) (468,000)  
Cash paid for debt issuance costs         (142,000)  
Net cash provided by financing activities         5,127,375 2,227,582  
Net decrease in cash         (99,171) (6,243)  
Cash - beginning of period   673,995   $ 346,040 673,995 346,040 $ 346,040
Cash - end of period $ 574,824   $ 339,797   574,824 339,797 $ 673,995
Supplemental disclosure of cash flow information              
Cash paid for interest         113,810 64,646  
Cash paid for income tax          
Supplemental disclosure of non-cash investing and financing activities              
Deconsolidation of subsidiary (True Wireless)         2,434,552  
Debt discount/issue costs recorded in connection with derivative liabilities         2,140,829 1,234,546  
Stock issued in settlement of liabilities         1,755,150  
Conversion of debt into equity         858,158  
Right-of-use asset obtained in exchange for new operating lease liability         515,848 355,203  
Termination of ECS right-of-use lease         228,752  
Stock issued in connection with debt modification         108,931  
Stock issued under make-whole arrangement   $ 90,401     90,401  
Stock issued for acquisition of membership interest in ECS         17,900  
Stock issued for acquisition         165,000  
Stock and warrants issued with debt recorded as a debt discount         $ 801,636