Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDTIED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDTIED) - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (2,558,991) $ (1,446,984)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Stock-based compensation - amortization of prepaid services 0 41,892
Stock-based compensation 770,216 120,000
Amortization of discount of notes payable 241,444 329,467
Amortization of right to use assets 10,639 9,830
Amortization of patent rights 51,150 51,150
Depreciation expense 535 543
Loss on change in fair value of profit share and unsecured note 265,198 191,040
Changes in operating assets and liabilities    
Accounts receivable 565,355 2,080,674
Inventory 97,443 64,788
Prepaid expenses and other assets 69,528 56,560
Accrued salaries 23,580 (37,424)
Accounts payable and accrued liabilities 35,840 (673,226)
Operating lease liability (11,157) (10,746)
Net cash (used in) provided by operating activities (439,220) 777,564
Cash flows from financing activities    
Repayment of unsecured note payable (9,040,000) 0
Repayment of secured note payable (271,686) 0
Proceeds from exercise of stock options 0 209,500
Net cash (used in) provided by financing activities (9,311,686) 209,500
Net (decrease) increase in cash and cash equivalents (9,750,906) 987,064
Cash and cash equivalents - beginning of period 20,939,762 1,504,225
Cash and cash equivalents - end of period 11,188,856 2,491,289
Cash paid during the period for:    
Interest 3,939 0
Income taxes 0 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTIONS    
Capital from related party debt extinguishments 10,827,195 0
Recognition of ROU asset and operating lease liability $ 161,728 $ 0