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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,930,530) $ (443,718)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 135,105 42,175
Stock-based compensation 445,869 54,635
Changes in assets and liabilities:    
Accounts receivable (133,458) 15,795
Inventories (69,866) 105,114
Prepaid expenses and other assets (76,896) 17,150
Accounts payable 71,327 27,722
Accrued expenses and other liabilities 1,407,079 4,547
Contract liability 22,779 (223,494)
Net cash used in operating activities (1,128,591) (359,629)
CASH FLOW FROM INVESTING ACTIVITIES:    
Purchases of fixed assets (82,990) (2,284)
Acquisition of MicaSense (12,990,121)
Platform development costs (205,780)
Net cash used in investing activities (13,278,891) (2,284)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Sales of Common Stock, net of issuance cost 6,313,943
Sale of Common Stock from exercise of warrants 8,305,368
Exercise of stock options 41,380
Net cash provided by financing activities 14,660,691
Net (decrease) increase in cash 253,209 (361,913)
Cash at the beginning of the year 23,940,333 717,997
Cash at the end of the period 24,193,542 356,084
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest cash paid
Income taxes paid
Accrued dividends on Series D Preferred Stock 40,445
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Conversion of Series C Preferred Stock into Common Stock 189
Liability related to MicaSense Acquisition 6,578,775
Stock Consideration for Micasense Acquisition $ 3,000,000