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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (5,723,856) $ (5,582,109)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation 94,645 58,329
Stock-based compensation 611,493 529,283
Bad debt expense 26,075 0
Loss on disposal of asset 0 202
Amortization of right-of-use assets 162,638 66,653
Loss on equity investment 33,208 0
Other non-cash charges 69,521 1,772
Changes in operating assets and liabilities:    
Accounts receivable 602,033 (194,455)
Inventories (496,529) (28,200)
Prepaid expenses and other current assets 345,470 (426,749)
Other assets (15,704) 0
Accounts payable and accrued expenses (485,997) 17,926
Operating Lease Liabilities (195,244) 54,983
Deferred revenue 1,650 (2,512)
Other liabilities 0 (4,637)
Net cash used in operating activities (4,970,597) (5,509,514)
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in Jiangxi Myomo Medical Assistive Appliance Co. Ltd. (199,000) 0
Purchases of equipment (102,672) (247,644)
Net cash used in investing activities (301,672) (247,644)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of warrants 0 7,288,275
Proceeds from payments under grants 0 1,208
Net cash provided by financing activities 0 7,289,483
Effect of foreign exchange rate changes on cash (16,195) (1,122)
Net (decrease) increase in cash, cash equivalents and restricted cash (5,288,464) 1,531,203
Cash, cash equivalents and restricted cash, beginning of period 15,524,378 12,241,261
Cash, cash equivalents and restricted cash, end of period 10,235,914 13,772,464
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Right of use assets obtained in exchange for lease liabilities 225,665 654,091
Property and equipment included in accounts payable and in accrued expenses and other liabilities $ 0 $ 36,102