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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (9,245,295) $ (9,890,082)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 47,115 982,365
Depreciation and amortization 547,314 2,014,256
Loss on disposal of fixed assets 13,988
Interest added to convertible note payable 344,991
Interest expense for reduction in convertible note conversion price 3,488,851
Defined benefit plan obligation and other (48,377) (197,649)
Amortization of debt discount 384,000 337,770
Lease impairment charge 79,287
Changes in assets and liabilities:    
Accounts receivable, net 487,262 132,005
Inventories, net 347,817 259,406
Prepaid expenses and other assets 180,109 174,320
Accounts payable 69,795 (365,772)
Accrued expenses and other liabilities 509,327 (54,136)
Contract liabilities (295,327) (60,191)
Other 185,000 (194,899)
Net cash used in operating activities (2,983,430) (6,783,320)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (34,692) (48,107)
Capitalization of platform development costs (232,441)
Capitalization of internal use software costs (58,303) (143,796)
Net cash used in investing activities (92,995) (424,344)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Sales of common stock, net of issuance costs 3,817,400
Sale of preferred stock, Series F Convertible 3,025,000 3,000,000
Repayments on COVID loans (213,517) (40,927)
Payment to convertible note (484,950)
Conversion of warrants issued with Series F shares 497,701
Other short-term loan, net of payment 738,000
Issuance costs for sale of preferred stock (272,976)
Net cash provided by financing activities 3,289,258 6,776,473
Effects of foreign exchange rates on cash flows (54,649) 283,781
Net change in cash 158,184 (147,410)
Cash at beginning of period 819,024 4,349,837
Cash at end of period 977,208 4,202,427
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest cash paid 468,141
Income taxes paid
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Conversion of Preferred Stock, Series F Convertible to Common Stock 5,869 215
Dividends on Series F Preferred Stock 110,983 121,155
Deemed dividend on Series F Preferred stock and warrant $ 5,257,455 $ 4,910,894