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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:    
Net loss $ (3,283,239) $ (3,287,711)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation 7,751 0
Change in fair value of convertible note 0 23,000
Penalty on convertible note   37,500
Amortization of discount – PIK Notes 401,886 381,323
Amortization of discount – notes payable 0 6,250
Amortization of deferred financing costs 0 6,250
Accrued interest on PIK Notes 1,409,455 1,370,005
Stock-based compensation expense 234,409 75,669
Shares issued for interest 9,385 0
Non-cash lease expense 108,197 101,843
Gain on forgiveness of PPP loan (487,547) 0
Change in operating assets and liabilities:    
Accounts receivable 33,248 10,751
Deposits and prepaid expenses 216,084 312,584
Operating lease liability (111,236) (101,487)
Accounts payable and accrued expenses 349,353 909,146
Deferred revenue 0 1,000,000
Net cash (used in) provided by operating activities (1,112,254) 845,123
Cash Flows from Financing Activities:    
Payment of insurance financing (207,774) (295,556)
Payments on notes payable 0 (394,625)
Payments on finance lease liability (7,751) 0
Proceeds from private placement 468,000 125,000
Proceeds from Paycheck Protection Program Loan 264,472 223,075
Proceeds from notes payable 0 113,750
Net cash provided by (used in) financing activities 516,947 (228,356)
Net (decrease) increase in cash and cash equivalents (595,307) 616,767
Cash and cash equivalents at beginning of year 669,560 52,793
Cash and cash equivalents at end of year 74,253 669,560
Supplemental disclosure of cash flow information:    
Cash paid for interest 6,037 4,395
Cash paid for income taxes 0 0
Supplemental disclosure of non-cash financing activity:    
Notes payable – insurance financing 187,528 219,538
Capitalization of ROU assets and finance lease liability 49,020 0
Accrued PIK interest paid through issuance of PIK Notes 1,402,548 1,181,787
Deemed dividend on Series B Convertible Preferred Stock 280,121 81,836
Common stock issued to note holders for financing cost 0 1,250
Common stock issued upon conversion of note payable 0 40,504
Common stock issued upon conversion of Preferred Stock Series B 28,717 0
Common stock issued for cashless exercise of options $ 3,836 $ 0