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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net loss $ (1,288,382) $ (11,563,926)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 85,195 721,887
Noncash interest expense 1,017,312
Stock compensation expense 556,628 367,651
Change in inventory reserve (54,830) 367,048
Cash bonus taken in the form of stock compensation 283,554
Gain on impairment adjustment (2,079,575)
Loss on deconsolidation of subsidiaries 75,138
Change in fair value of derivative liabilities (55,411)
Change in fair value of EIB loan guaranty 225,386
Changes in operating assets and liabilities    
Accounts receivable 77,914 (97,027)
Inventory 54,830 (9,120)
Other assets (54,521) (82,510)
Accounts payable 17,220 (228,118)
Accrued compensation and other liabilities 606,661 (319,726)
Deferred revenue (25,926) (116,820)
Net cash used in operating activities (1,804,262) (9,715,206)
Cash flows from investing activities    
Purchases of property and equipment (697,761)
Net cash used in investing activities (697,761)
Cash flows from financing activities    
Proceeds from issuance of common stock and pre-funded warrants, net of issuance costs 10,157,700
Proceeds from issuance of preferred stock 550,000
Proceeds from short-term insurance financing 300,926
Payments on short-term insurance financing (30,093)
Payments on debt (3,907,928)
Payments on finance lease obligations (280) (1,682)
Net cash provided by financing activities 820,553 6,248,090
Effects of exchange rates on cash (36,712)
Net decrease in cash and cash equivalents and restricted cash (983,709) (4,201,589)
Cash and cash equivalents and restricted cash at beginning of period 1,454,085 7,935,659
Cash and cash equivalents and restricted cash at end of period 470,376 3,734,070
Supplemental disclosure of cash flow information    
Cash paid for interest 1,079 1,421,418
Supplemental disclosures of noncash investing and financing activities    
Right-of-use assets acquired through operating leases $ 801,321