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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities    
Net loss $ (3,756,244) $ (3,338,732)
Adjustments to reconcile net loss to net cash used in operating activities:    
Noncash stock-based compensation expense 1,624,949 1,004,385
Amortization of ROU assets 57,632 55,675
Depreciation and amortization 53,375 26,957
Amortization of future compensation payable 416,666
Amortization of prepaid assets 640,042 104,169
Changes in assets and liabilities:    
Accounts receivable 117,656 (190,922)
Other assets (742,035) (217,023)
ROU liabilities (47,471) (32,049)
Accounts payable (11,947) (99,304)
Accrued expenses and compensation (4,331) 42,290
Net cash used in operating activities (2,068,374) (2,227,888)
Cash Flows from Investing Activities    
Purchase of equipment (70,631) (40,982)
Disposal of equipment 14,540
Net cash used in investing activities (70,631) (26,442)
Cash Flows from Financing Activities    
Repayment on note payable (451,847) (77,971)
Proceeds from note payable 155,541 175,435
Repayment of SBA loan (23,553)
Proceeds from the exercise of stock option 16,750 13,000
Net cash (used in) provided by financing activities (279,556) 86,911
Net change in cash and cash equivalents (2,418,561) (2,167,418)
Cash and cash equivalents, beginning of period 5,640,308 3,662,615
Cash and cash equivalents, end of period 3,221,747 1,495,197
Supplemental disclosure of cash flow information    
Cash paid for interest 1,909 1,683
Cash paid for taxes
Non-cash investing and financing activities    
Insurance financing for prepaid insurance $ 175,435 $ 175,435