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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (22,935,353) $ (33,079,414)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 762,206 527,584
Stock-based compensation 1,240,129 7,556,282
Amortization of right-of-use asset 193,483 206,375
Bad debt expense 4,485 99,309
Realized gain on marketable securities (160,990)
Unrealized loss on marketable securities 1,713
Impairment of inventory and prepaid 2,476,322
Change in operating assets and liabilities:    
Accounts receivable 454,873 (302,887)
Inventory 830,845 (2,666,327)
Prepaid expenses and other current assets (581,846) (667,416)
Deposits 18,797 (18,797)
Accounts payable 445,165 (120,155)
Accrued expenses (1,272,046) 2,038,365
Contract liability (24,000)
Lease obligations - operating leases (206,426) (180,404)
Net cash used in operating activities (18,728,643) (26,631,485)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (1,588,689) (538,012)
Purchase of marketable securities, net (9,689,526)
Purchase of intangible assets (57,046) (62,351)
Net cash used in investing activities (11,335,261) (600,363)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of debt (21,611)
Proceeds from exercise of warrants, net of fees 100,000
Proceeds from exercise of stock options 1,506,999
Proceeds from issuance of Common Stock, net of fees and expenses 58,269,829
Net cash provided by financing activities 59,855,217
Net change in cash (30,063,904) 32,623,369
Cash, beginning of year 69,160,466 36,537,097
Cash, end of year 39,096,562 69,160,466
Supplemental disclosure of cash and non-cash transactions:    
Cash paid for interest 1,971
Restricted Stock issued previously accrued 329,380 329,380
Accrued Fixed Assets 348,932  
Supplemental non-cash amounts of lease liabilities arising from obtaining right of use assets $ 120,440