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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net Loss $ (2,459,681) $ (16,003)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 183,454 58,067
Amortization of deferred financing costs 21,167 7,813
Change in inventory reserve 132,386
Change in allowance for bad debts (19,671) 138,237
Stock based compensation 63,406 35,565
Change in net deferred tax assets (5,081)
Changes in operating assets and liabilities:    
Accounts receivable 1,381,605 (7,001,987)
Due from banks (340,810)
Accounts receivable - related parties 43,475 (90,043)
Inventories (1,100,004) 1,205,145
Prepaid expenses and other current assets (207,209) 113,473
Other non-current assets 11 3,032
Accounts payable 875,343 1,390,942
Accrued expenses (970,630) 447,566
Refunds due to customers 87,376 16,034
Reserve for sales returns (568,246) (108,341)
Operating lease liabilities, net of operating leases - right of use assets (10,654) (2,913)
Net cash used in operating activities (2,547,872) (4,149,304)
Cash flows from investing activities    
Purchase of property and equipment (42,500) (21,801)
Net cash used in investing activities (42,500) (21,801)
Cash flows from financing activities    
Proceeds from issuance of stock - net of transaction expenses 1,603,894 3,362,750
Collection of subscriptions receivable 5,891
Payments on installment notes (19,569) (17,995)
Proceeds from exercise of common stock warrants 647,422
Proceeds from exercise of pre-funded warrants 168,334
Payments on finance leases (4,404) (1,832)
Net cash provided by financing activities 1,585,812 4,158,679
Net change in cash (1,004,560) (12,426)
Cash at beginning of period 2,894,574 2,290,483
Cash at end of period 1,890,014 2,278,057
Supplemental disclosures of cash flow information:    
Cash paid for interest $ 6,280 $ 158,490