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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income (loss) $ (1,866,090) $ 130,235
Adjustment to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 250,937 79,419
Share-based compensation 32,856 6,352
Warrant amortization 0 6,208
PPP loan forgiveness 0 (535,800)
Changes in assets and liabilities:    
Accounts receivable (942,049) (107,678)
Inventories (200,028) 95,511
Prepaid expenses 146,090 (129,567)
Accounts payable and accrued expenses 148,423 (193,307)
Net cash used in operating activities (2,429,861) (648,627)
Cash flows from investing activities    
Purchases of property, plant, and equipment (152,464) (11,000)
Net cash used in investing activities (152,464) (11,000)
Cash flows from financing activities    
Proceeds from exercise of stock options 5,232 12,667
Proceeds from notes payable and factoring agreement 0 1,236,865
Proceeds from PPP loan 0 833,300
Principal payment of notes payable and recourse factoring agreement 0 (850,000)
Principal payment on finance lease (146,246) (13,934)
Net cash provided (used) by financing activities (141,014) 1,218,898
Net increase (decrease) in cash (2,723,339) 559,271
Cash, beginning of period 5,313,985 427,269
Cash, end of period 2,590,646 986,540
Noncash transactions:    
Property and equipment financed through finance leases 3,127,940 0
Property and equipment additions included in accounts payable $ 73,810 $ 11,000