v3.22.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net Loss $ (2,207,395) $ (650,659)
Noncash Expenses:    
Depreciation and Amortization 31,584 23,031
Gain on Derivative Liability (802,285)
Stock Based Compensation Employees 170,976 117,477
Stock Based Compensation – Third Party Services 11,713 30,981
Stock Based Compensation - Directors 21,721 61,471
Change in assets and liabilities:    
Accounts Receivable 151,170 (56,488)
Inventory (72,019) (88,129)
Prepaid Assets (50,996) (44,718)
Accounts Payable 114,105 151,500
Deferred Revenue 11,421 (1,540)
Accrued Expenses (209,299) 18,773
NET CASH USED IN OPERATING ACTIVITIES (2,027,019) (1,240,586)
INVESTING ACTIVITIES    
Purchase of Property and Equipment (83,248) (5,350)
Purchase of Intangible Assets (58,851) (16,619)
NET CASH USED IN INVESTING ACTIVITIES (142,099) (21,969)
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 (2,169,118) 13,142,387
CASH AT BEGINNING OF PERIOD 11,447,047 3,700,814
CASH AT END OF PERIOD 9,277,929 16,843,201
Noncash investing and financing activities disclosure:    
Issuance of Common Shares for Preferred Dividends 14,220 60,908
Other noncash operating activities disclosure:    
Issuance of Securities for Services 33,434 92,452
Disclosure of cash paid for:    
Interest 1,319 1,353
Income Taxes

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