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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities    
Net loss $ (5,567,422) $ (4,265,136)
Adjustments to reconcile net loss to net cash used in operating activities:    
Noncash stock-based compensation expense 2,528,293 1,261,626
Amortization of ROU assets 97,245 83,965
Loss on disposal of asset 14,540
Depreciation and amortization 90,564 50,499
Amortization of future compensation payable 416,666
Amortization of prepaid assets 153,366 162,760
Changes in assets and liabilities:    
Accounts receivable (50,902) (219,618)
Prepaid and deposits (254,479) (237,097)
ROU liabilities (77,286) (53,959)
Deferred revenue 366,006
Accounts payable 115,130 53,863
Accrued expenses and compensation 21,869 (11,063)
Net cash used in operating activities (2,577,616) (2,742,954)
Cash Flows from Investing Activities    
Purchase of equipment (177,904) (78,996)
Net cash used in investing activities (177,904) (78,996)
Cash Flows from Financing Activities    
Repayment on note payable (503,694) (460,002)
Proceeds from note payable 155,541 175,435
Tax withholdings related to net share settlement of RSU’s (136,671)
Proceeds from subscription payable 585,000
Proceeds from the exercise of stock option 18,750 14,250
Net cash (used in) provided by financing activities (466,074) 314,683
Net change in cash and cash equivalents (3,221,594) (2,507,267)
Cash and cash equivalents, beginning of period 5,640,308 3,662,615
Cash and cash equivalents, end of period 2,418,714 1,155,348
Supplemental disclosure of cash flow information    
Cash paid for interest 3,817 1,683
Cash paid for taxes
Non-cash investing and financing activities    
Insurance financing for prepaid insurance 155,541 175,435
Implementation of ASC 842 $ 766,281