XML 14 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (5,024,264) $ (6,786,037)
Depreciation expense 10,155 10,139
Amortization of intangibles 39,643 39,982
Stock based compensation 1,113,427 1,097,838
Inventory Reserve 109,159 430,245
Employees paid in stock 317,500 217,262
Expense paid in stock 579,928 436,434
Unrealized gain on marketable securities 6,208 0
Bad debt expense 16,076 100,000
Amortization of right-of-use asset 69,067 59,698
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable 86,629 (248,457)
Increase in inventories (799,454) (440,574)
Increase in advances on contracts (373,852) (272,223)
Increase in prepaid expenses and other current assets (134,881) (102,858)
Increase in accounts payable 46,538 502,292
(Decrease) increase in accounts payable, related party (166,855) 515,142
Decrease in accrued expenses (13,098) (367,074)
Increase (decrease) in accrued expenses, related party 103,287 (80,758)
Decrease operating right of use lease asset (65,543) (53,411)
Net cash used in operating activities (4,080,330) (4,942,360)
Cash flows from investing activities:    
Purchase of furniture, fixtures, and equipment (1,192) (3,827)
Sale of Marketable securities 4,472,540 0
Purchase of Marketable securities (6,929,218) 0
Net cash used in investing activities (2,457,870) (3,827)
Cash flows from financing activities:    
Payments finance lease obligations (6,486) (6,486)
Net cash used in financing activities (6,486) (6,486)
Net decrease in cash and cash equivalents (6,544,686) (4,952,673)
Cash and cash equivalents at beginning of period 8,715,279 14,764,346
Cash and cash equivalents at end of period $ 2,170,593 $ 9,811,673