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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (1,799,043) $ (1,216,329)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,105,420 778,875
Bad debt expense 65,000 36,000
Inventory obsolescence 95,235 30,511
Share-based compensation 803,386 597,305
Noncash lease expense 100,517 76,545
Accretion of finance liabilities 58,834
Amortization of debt issuance costs 3,083
Change in fair value of earnout liabilities (65,678) (452,687)
Changes in operating assets and liabilities:    
Accounts receivable, net (735,490) 352,102
Accounts receivable – related parties (14,602) 74,602
Inventory, net 393,148 86,785
Prepaid and other assets (303,182) (361,719)
Accounts payable (732,266) 405,360
Accounts payable – related parties 9,311 (10,747)
Accrued royalties and expenses 300,574 (112,774)
Accrued bonuses and commissions (783,390) (1,949,325)
Operating lease liabilities (95,227) (75,817)
Net cash used in operating activities (1,594,370) (1,741,313)
Cash flows from investing activities:    
Purchases of property and equipment (65,818) (27,705)
Proceeds from disposal of property and equipment 650
Net cash used in investing activities (65,818) (27,055)
Cash flows from financing activities:    
Equity offering net proceeds 751,752
Net settlement of equity-based awards (580,794) (655,942)
Cash payment of finance and earnout liabilities (78,000)
Net cash provided by (used in) financing activities (658,794) 95,810
Net decrease in cash (2,318,982) (1,672,558)
Cash, beginning of period 5,147,216 8,958,995
Cash, end of period 2,828,234 7,286,437
Cash paid during the period for:    
Interest 205,591 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