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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows used in operating activities:    
Net loss $ (6,965,060) $ (2,099,431)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 433,845 337,463
Amortization of right-of-use assets 91,965 54,971
Amortization of debt issuance costs 35,407 13,999
Amortization of sales contract costs 19,209 13,792
Stock-based compensation 835,355 615,842
Provision for accounts receivable allowances (5,816)
Provision for inventory reserves 370,308 118,927
Non-cash loan forgiveness (20,000)
Changes in operating assets and liabilities:    
Accounts receivable (1,383,166) (51,511)
Inventories (819,885) (3,193,116)
Prepaid expenses and other current assets 141,352 94,664
Other assets 27,489 (79,690)
Accounts payable (1,104,566) 454,713
Accrued expenses (500,865) (2,377,861)
Deferred revenue 367,817 966,399
Operating lease liabilities (92,636) (54,434)
Net cash used in operating activities (8,549,247) (5,205,273)
Cash flows from investing activities:    
Purchases of equipment (130,864) (297,947)
Certification costs capitalized (329,356)
Net cash used in investing activities (460,220) (297,947)
Cash flows from financing activities:    
Net proceeds from the SVB bank credit line 453,582 7,307,578
Repayment of the Rosenthal bank credit line (2,442,246)
Costs associated with bank credit line (92,905)
Repayment of government loan (34,252)
Proceeds from stock option exercises 236,802 721,409
Net cash provided by financing activities 656,132 5,493,836
Net decrease in cash and cash equivalents (8,353,335) (9,384)
Cash, cash equivalents, and restricted cash - Beginning 13,070,445 1,571,757
Cash, cash equivalents, and restricted cash - Ending 4,717,110 1,562,373
Cash paid during the period for:    
Interest 167,703 106,417
Income taxes 56,719 32,990
Cash is reported on the consolidated statements of cash flows as follows:    
Cash and cash equivalents 4,217,110 812,373
Restricted cash 500,000 750,000
Total cash, cash equivalents and restricted cash $ 4,717,110 $ 1,562,373