Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.23.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash $ 1,488,704 $ 2,845,931
Accounts Receivable, net 210,449 371,620
Inventory 944,402 950,943
Prepaid Assets 235,003 105,226
Total Current Assets 2,878,558 4,273,720
Other Assets:    
Property and Equipment, net 284,193 304,903
Intangible Assets, net 1,165,558 1,125,285
Total Other Assets 1,449,751 1,430,188
TOTAL ASSETS 4,328,309 5,703,908
Current Liabilities:    
Accounts Payable 400,640 277,492
Deferred Revenue 153,443 120,073
Accrued Expenses 219,126 231,633
Total Current Liabilities 773,209 629,198
TOTAL LIABILITIES 773,209 629,198
Commitments & Contingencies
Stockholders’ Equity    
Preferred Stock, $0.001 par value; 10,000,000 shares authorized; 316 and 465 shares issued and outstanding, respectively 1 1
Common Stock, $0.001 par value; 24,000,000 shares authorized; 10,772,713 and 10,498,802 shares issued and outstanding, respectively 10,773 10,499
Additional Paid-In Capital 54,749,821 54,406,694
Accumulated Deficit (51,205,495) (49,342,484)
Total Stockholders’ Equity 3,555,100 5,074,710
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 4,328,309 $ 5,703,908