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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (1,216,329) $ (3,156,505)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 778,875 202,747
Loss on disposal of property and equipment 2,501
Bad debt expense 36,000 15,000
Inventory obsolescence 30,511 71,819
Share-based compensation 597,305 584,935
Noncash lease expense 76,545 57,688
Loss on equity method investment 379,633
Change in fair value of earnout liabilities (452,687)
Changes in operating assets and liabilities:    
Accounts receivable, net 352,102 (563,034)
Accounts receivable – related party 74,602 (16,492)
Inventory, net 86,785 (194,956)
Prepaid and other assets (361,719) 292,394
Accounts payable 405,360 491,220
Accounts payable – related parties (10,747) (103,970)
Accrued royalties and expenses (112,774) 234,141
Accrued bonuses and commissions (1,949,325) (409,599)
Operating lease liabilities (75,817)
Net cash used in operating activities (1,741,313) (2,112,478)
Cash flows from investing activities:    
Purchases of property and equipment (27,705) (44,697)
Proceeds from disposal of assets 650 345
Investment in equity securities (250,000)
Net cash used in investing activities (27,055) (294,352)
Cash flows from financing activities:    
Equity offering net proceeds 751,752
Net settlement of equity-based awards (655,942) (102,931)
Net cash provided by (used in) financing activities 95,810 (102,931)
Net decrease in cash (1,672,558) (2,509,761)
Cash, beginning of period 8,958,995 18,652,841
Cash, end of period 7,286,437 16,143,080
Cash paid during the period for:    
Interest 6
Supplemental noncash investing and financing activities:    
Equity offering accrued proceeds 282,010
Right of use assets obtained in exchange for lease obligations $ 1,369,164