XML 18 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES    
Net loss $ (2,810,939) $ (3,167,146)
Adjustments to reconcile net loss to net cash used in operating activities:    
Bad debt expense 0 (3,002)
Depreciation and amortization 424,020 449,071
Loss on disposal of assets 0 25,427
Loss on investment 13,714 57,514
Amortization of right-of-use asset 428,740 459,760
Stock-based compensation expense 76,154 343,824
Impairment of intangible assets 380,646 0
Changes in operating assets and liabilities:    
Accounts receivable (20,126) 12,582
Inventories (28,947) (16,606)
Prepaid expenses and vendor deposits (58,175) 94,110
Contract assets 0 14,400
Other assets 57,270 (3,423)
Accounts payable 267,220 (155,910)
Accrued expenses (2,249) (294,211)
Contract liabilities (7,423) (268,302)
Lease liability (373,184) (402,857)
NET CASH USED IN OPERATING ACTIVITIES (1,653,279) (2,854,769)
INVESTING ACTIVITIES    
Collection of note receivable 23,767 137,250
Purchases of property and equipment (24,663) (12,967)
Purchases of patent (89,415) (25,000)
NET CASH USED IN INVESTING ACTIVITIES (90,311) 99,283
FINANCING ACTIVITIES    
Proceeds from line of credit 0 131,540
Principal payments on loan payable (209,941) (188,323)
Proceeds from paycheck protection program loan 876,515 0
Proceeds from loan and security agreement 2,540,000 0
NET CASH USED IN FINANCING ACTIVITIES 3,206,574 (56,783)
NET DECREASE IN CASH, CASH EQUIVALENT AND RESTRICTED CASH 1,462,984 (2,812,269)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - BEGINNING OF PERIOD 3,525,415 7,061,253
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - END OF PERIOD 4,988,399 4,248,984
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest $ 161,876 $ 107,646