XML 19 R7.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net loss $ (2,173,665) $ (2,605,495)
Adjustments to reconcile net loss to net cash used in operating activities:    
Forgiveness of paycheck protection loan and accrued interest   (105,130)
Stock-based compensation expense 381,061 561,348
Change in operating assets and liabilities:    
Accounts receivable, net (123,717) (104,484)
Prepaid expenses, inventory and other assets 227,100 359,617
Accounts payable and other current liabilities 58,022 (603,164)
Accrued compensation (107,119) (587,438)
Accrued interest expense 123,288 122,589
Deferred rent expense   9,038
Net cash used in operating activities (1,615,030) (2,953,119)
Financing activities    
Proceeds from issuance of common stock, net   13,070,154
Proceeds from issuance of common stock from ATM, net 171,521  
Net cash provided by financing activities 171,521 13,070,154
Net increase (decrease) in cash and cash equivalents (1,443,509) 10,117,035
Cash and cash equivalents at beginning of period 9,144,710 8,068,939
Cash and cash equivalents at end of period $ 7,701,201 18,185,974
Non-cash financing activities    
Forgiveness of paycheck protection loan and accrued interest   $ 105,130