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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities:    
Net income/(loss) $ (9,996,824) $ (6,610,034)
Adjustments to reconcile net income (loss) to cash used in operating activities:    
Depreciation and amortization 50,224 34,503
Share-based compensation 1,965,311  
Operating lease asset amortization 394,638 340,114
Accretion of debt discount 1,542,085 2,086,301
Loss on equity method investment 170 2
Inventory reserve expense 83,357  
Changes in operating assets and liabilities:    
Accounts receivable (13,147) (786,824)
Inventories (146,362) (85,934)
Prepaid expenses and other current assets 17,330 (559,774)
Accounts payable 557,146 185,596
Related party payable (51,971) 7,127
Operating lease liabilities (384,708) (322,729)
Accrued interest 113,909 30,383
Accrued expenses (708,984) 305,585
Net cash used in operating activities (6,577,826) (5,375,684)
Investing Activities:    
Contributions to equity method investment   (83,559)
Payments on purchase of assets (3,841,373) (66,053)
Patent activity costs (8,169) (7,192)
Net cash used in investing activities (3,849,542) (156,804)
Financing Activities:    
Proceeds from issuance of Series 1B Preferred Stock 880,000  
Payment of convertible notes (1,025,423)  
Net cash used in financing activities (145,423)  
Effect of foreign exchange rate on cash (4,606)  
Net change in cash and cash equivalents (10,577,397) (5,532,488)
Cash and cash equivalents at beginning of period 11,483,018 5,961,760
Cash and cash equivalents at end of period 905,621 429,272
Non-Cash Transactions:    
Right-of-use assets acquired through operating lease liabilities   21,045
Purchase of equipment not yet paid at end of period   213,922
Non-cash conversions of convertible notes to equity 3,364,467 9,200,000
Series 1A preferred stock conversion   $ 740
Down round deemed dividend 11,653,986  
Supplemental disclosure of cash flow information:    
Interest $ 173,600