Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

v3.23.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES    
Net Loss $ (1,751,699) $ (2,207,395)
Noncash Expenses:    
Depreciation and Amortization 28,127 31,584
Stock-Based Compensation
Change in Assets and Liabilities:    
Accounts Receivable 161,171 151,170
Inventory 6,541 (72,019)
Prepaid Assets (129,777) (50,996)
Accounts Payable 123,148 114,105
Deferred Revenue 33,370 11,421
Accrued Expenses (12,507) (209,299)
NET CASH USED IN OPERATING ACTIVITIES (1,309,537) (2,027,019)
INVESTING ACTIVITIES    
Purchase of Property and Equipment (83,248)
Purchase of Intangible Assets (47,690) (58,851)
NET CASH USED IN INVESTING ACTIVITIES (47,690) (142,099)
FINANCING ACTIVITIES    
NET CASH PROVIDED BY FINANCING ACTIVITIES
NET CHANGE IN CASH FOR PERIOD (1,357,227) (2,169,118)
CASH AT BEGINNING OF PERIOD 2,845,931 11,447,047
CASH AT END OF PERIOD 1,488,704 9,277,929
Noncash Investing and Financing Activities Disclosure:    
Preferred Stock Dividends 11,748 14,220
Conversion of Preferred Shares to Common Shares 188,830
Other Noncash Operating Activities Disclosure:    
Issuance of Securities for services 7,239 33,434
Disclosure of Cash Paid for:    
Interest 3,235 1,319
Income Taxes
Employees [Member]    
Noncash Expenses:    
Stock-Based Compensation 224,850 170,976
ThirdParty Services [Member]    
Noncash Expenses:    
Stock-Based Compensation (489) 11,713
Director [Member]    
Noncash Expenses:    
Stock-Based Compensation $ 7,728 $ 21,721