Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

v3.23.3
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES    
Net Loss $ (3,931,455) $ (6,746,873)
Noncash Expenses:    
Depreciation and Amortization 74,151 88,302
Gain on Sale of Property and Equipment (28,632)
Change in assets and liabilities:    
Accounts Receivable 312,620 44,422
Inventory 175,877 (257,352)
Prepaid Assets 67,393 (63,446)
Accounts Payable 372,236 197,105
Deferred Revenue (8,991) (19,166)
Accrued Expenses (86,327) (338,297)
NET CASH USED IN OPERATING ACTIVITIES (2,586,884) (6,386,415)
INVESTING ACTIVITIES    
Purchase of Property and Equipment (83,848)
Proceeds from Sale of Property and Equipment 78,000
Purchase of Intangible Assets (145,515) (176,104)
NET CASH USED IN INVESTING ACTIVITIES (67,515) (259,952)
FINANCING ACTIVITIES    
Gross Proceeds from Public Issuance of Comon Stock 453,635
Offering Costs (89,080)
NET CASH PROVIDED BY FINANCING ACTIVITIES 364,555
NET CHANGE IN CASH FOR PERIOD (2,289,844) (6,646,367)
CASH AT BEGINNING OF PERIOD 2,845,931 11,447,047
CASH AT END OF PERIOD 556,087 4,800,680
Noncash investing and financing activities disclosure:    
Preferred Stock Dividends 33,122 42,660
Conversion of Preferred Shares to Common Shares 188,830
Other noncash operating activities disclosure:    
Issuance of Securities for Services 18,827 95,057
Disclosure of cash paid for:    
Interest 9,706 5,367
Income Taxes
Employees [Member]    
Noncash Expenses:    
Stock Based Compensation 447,417 613,833
Third Party Services [Member]    
Noncash Expenses:    
Stock Based Compensation (489) 24,463
Director [Member]    
Noncash Expenses:    
Stock Based Compensation $ 19,316 $ 70,594