Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (1,189,909) $ (1,993,487)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 72,548
Change in inventory value 112,100 161,440
Gain on forgiveness of PPP loan (139,595)
Stock-based compensation 645,549 1,230,362
Bad debt expense 78,125 104,501
Changes in operating assets and liabilities:    
Accounts receivable 84,135 123,451
Prepaid expenses and other assets (63,961) (41,491)
Inventory 475,000
Accounts payable and accrued liabilities 309,722 (374,774)
Deferred revenue 116,250 (241,500)
Net cash used in operating activities (47,584) (483,950)
Net cash used in investing activities
Cash flows from financing activities:    
Proceeds from notes payable 139,595
Net cash provided by financing activities 139,595
Net (decrease) increase in cash (47,584) (344,355)
Cash, beginning of period 71,075 376,425
Cash, end of period 23,491 32,070
Supplemental disclosures of cash flow information:    
Cash paid for interest
Cash paid for income taxes
Non-cash investing and financing activities:    
Shares issued for equity financing 250,000
Commitment shares issued in conjunction with capital raise 200,000
Shares issued for vested restricted stock units $ 72 $ 272