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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (3,082,509) $ (2,399,591)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,582,569 741,871
Loss on disposal of property and equipment 2,500
Bad debt expense 86,000 195,000
Inventory obsolescence 69,990 159,717
Share-based compensation 1,724,637 1,288,335
Noncash lease expense 144,628 116,143
Loss on equity method investment 379,633
Benefit from deferred income taxes (4,141,906)
Change in fair value of earnout liabilities (813,157) 63,427
Changes in operating assets and liabilities:    
Accounts receivable, net (371,094) (1,170,829)
Accounts receivable – related party 77,886 (130,797)
Inventory, net (941,854) (423,764)
Prepaid and other assets 618,877 177,861
Accounts payable (376,521) 294,772
Accounts payable – related parties 62,620 589,675
Accrued royalties and expenses (248,769) 761,377
Accrued bonuses and commissions (1,859,029) 346,887
Operating lease liabilities (135,436) (117,106)
Net cash used in operating activities (3,461,162) (3,266,795)
Cash flows from investing activities:    
Purchases of property and equipment (40,650) (80,892)
Proceeds from disposal of assets 650 345
Purchases of intangible assets (2,053,722)
Investment in equity securities (250,000)
Net cash used in investing activities (40,000) (2,384,269)
Cash flows from financing activities:    
Equity offering net proceeds 1,033,761
Net settlement of equity-based awards (431,366) (102,931)
Distribution to noncontrolling interest member (220,000)
Net cash provided by (used in) financing activities 602,395 (322,931)
Net decrease in cash (2,898,767) (5,973,995)
Cash, beginning of period 8,958,995 18,652,841
Cash, end of period 6,060,228 12,678,846
Cash paid during the period for:    
Interest 6
Supplemental noncash investing and financing activities:    
Right of use assets obtained in exchange for lease obligations 1,369,164
Equity issued for acquisitions 9,709,089
Earnout liabilities generated by acquisitions 3,882,151
Investment in equity securities converted in asset acquisition $ 1,803,440