v3.22.2.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES    
Net Loss $ (6,746,873) $ (4,987,185)
Noncash Expenses:    
Depreciation and Amortization 88,302 76,502
Gain on Derivative Liability (1,092,441)
Stock-Based Compensation - Employees 613,833 893,431
Stock-Based Compensation - Third Party Services 24,463 128,809
Stock-Based Compensation - Directors 70,594 404,580
Change in Assets and Liabilities:    
Accounts Receivable 44,422 (335,178)
Inventory (257,352) (196,896)
Prepaid Assets (63,446) (13,940)
Accounts Payable 197,105 94,220
Deferred Revenue (19,166) 7,523
Accrued Expenses (338,297) 233,985
NET CASH USED IN OPERATING ACTIVITIES (6,386,415) (4,786,590)
INVESTING ACTIVITIES    
Purchase of Property and Equipment (83,848) (116,631)
Purchase of Intangible Assets (176,104) (138,141)
NET CASH USED IN INVESTING ACTIVITIES (259,952) (254,772)
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 (6,646,367) 9,363,580
CASH AT BEGINNING OF PERIOD 11,447,047 3,700,814
CASH AT END OF PERIOD 4,800,680 13,064,394
Noncash Investing and Financing Activities Disclosure:    
Issuance of Common Shares for Preferred Dividends 89,347
Other Noncash Operating Activities Disclosure:    
Issuance of Securities for services 95,057 533,387
Disclosure of Cash Paid for:    
Interest 5,367 5,434
Income Taxes

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