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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows From Operating Activities    
Net loss $ (2,611,379) $ (1,938,020)
Adjustments to reconcile net loss to net cash used in operating activities:    
Noncash stock based compensation expense 955,730 779,272
Amortization of ROU assets 47,124 29,012
Depreciation and amortization 52,439 24,926
Amortization of prepaid assets 51,855 55,390
Changes in assets and liabilities:    
Accounts receivable 251,095 28,697
Prepaid and deposits (57,339) (216,879)
ROU liabilities (35,529) (22,632)
Accounts payable (63,348) 93,632
Deferred revenue (169,582)
Accrued expenses and compensation 36,607 14,027
Net cash used in operating activities (1,542,327) (1,152,575)
Cash Flows From Investing Activities    
Purchase of equipment (32,096)
Net cash used in investing activities (32,096)
Cash Flows From Financing Activities    
Repayment on note payable (300,000)
Proceeds from note payable 155,541
Proceeds from stock subscription payable 1,221,600
Proceeds from the exercise of stock option and warrants 16,560 16,750
Tax withholdings related to net share settlement of RSU’s (7,519)
Net cash provided by financing activities 1,230,641 (127,709)
Net change in cash and cash equivalents (311,686) (1,312,380)
Cash and cash equivalents, beginning of year 1,319,526 5,640,308
Cash and cash equivalents, at end of period 1,007,840 4,327,928
Supplemental disclosure of cash flow information    
Cash paid for interest
Cash paid for taxes
Non-cash investing and financing activities    
Insurance financing for prepaid insurance $ 189,302 $ 155,541