v3.23.1
Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES    
Net Loss $ (8,692,424) $ (7,384,605)
Noncash Expenses:    
Depreciation and Amortization 116,167 94,105
Gain on Derivative Liability (1,092,441)
Stock Based Compensation - Employees 793,251 1,066,455
Stock Based Compensation - Third Party Services 25,376 163,083
Stock Based Compensation - Directors 88,756 538,585
Change in assets and liabilities:    
Accounts Receivable 40,572 (80,630)
Inventory (240,863) (50,429)
Prepaid Assets 9,052 2,457
Accounts Payable 71,050 77,505
Deferred Revenue (28,782) 70,898
Accrued Expenses (394,309) 382,127
Long-Term portion of Stock Appreciation Rights (48,341)
Long-Term portion of Deferred Payroll Taxes under the CARES Act (37,728)
NET CASH USED IN OPERATING ACTIVITIES (8,212,154) (6,298,959)
INVESTING ACTIVITIES    
Purchase of Property and Equipment (164,622) (182,522)
Purchase of Intangible Assets (224,340) (177,228)
NET CASH USED IN INVESTING ACTIVITIES (388,962) (359,750)
FINANCING ACTIVITIES    
Gross Proceeds from Public and Private Issuances of Securities 14,869,899
Less Offering Costs (1,600,967)
Proceeds from Exercise of Warrants 1,136,010
NET CASH PROVIDED BY FINANCING ACTIVITIES 14,404,942
NET CHANGE IN CASH FOR PERIOD (8,601,116) 7,746,233
CASH AT BEGINNING OF PERIOD 11,447,047 3,700,814
CASH AT END OF PERIOD 2,845,931 11,447,047
Noncash investing and financing activities disclosure:    
Issuance of Common Shares for Preferred Dividends 103,567
Other noncash operating activities disclosure:    
Issuance of Securities for Services 114,132 701,668
Disclosure of cash paid for:    
Interest 7,345 11,264
Income Taxes

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