XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Cash flows from operating activities:              
Net loss from continuing operations $ (2,093,083)   $ (326,420)   $ (4,812,242) $ (6,297,434)  
Net income from discontinued operations   5,362   3,573 16,088  
Net loss (2,093,083) $ (1,423,795) (321,058) $ (2,527,552) (4,808,669) (6,281,346)  
Adjustments to reconcile net loss to net cash used in operating activities              
Non-cash interest expense         998,970 1,138,067  
Amortization and depreciation         160,988 172,470  
Gain on fair value change of derivatives 96,180   (3,304,989)   (549,401) (1,724,084)  
Inventory write-down       625,000  
Termination costs of vendor agreements         1,755,082  
Changes in operating assets and liabilities:              
Accounts receivable         137,032 143,983  
Inventory         915,977 774,091  
Prepaid expenses         (2,648) (71,458)  
Vendor deposits         528,719  
Accounts payable and accrued expenses         2,192,374 2,152,554  
Deferred revenue         9,150 495  
Operating lease liabilities         (109,527) (98,778)  
Net cash used in continuing operations         (1,055,754) (885,205)  
Net cash used in discontinued operations         (3,573) (16,088)  
Net cash used in operating activities         (1,059,327) (901,293)  
Cash flows from investing activities:              
Purchase of office and computer equipment         (11,114) (2,162)  
Net cash used in investing activities         (11,114) (2,162)  
Cash flows from financing activities:              
Proceeds from sale of common stock, net of costs         979,048 1,200,537  
Payments of principal of notes payable         (700,000)  
Net cash provided by financing activities         979,048 500,537  
Net decrease in cash         (91,393) (402,918)  
Cash, Beginning of period   $ 1,446,029   $ 1,369,210 1,446,029 1,369,210 $ 1,369,210
Cash, End of period $ 1,354,636   $ 966,292   1,354,636 966,292 $ 1,446,029
Supplemental disclosure of cash flow information:              
Cash paid for interest          
Cash paid for income taxes