Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (1,148,181) $ (417,934)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Stock-based compensation - amortization of prepaid services 43,125 26,032
Stock-based compensation expense 138,622 5,878
Amortization of discount of notes payable 457,401 528,558
Amortization of debt issuance costs 30,072 30,072
Amortization of right to use assets - operating lease 104,697 99,567
Amortization of patent rights 51,150 51,150
Depreciation expense 8,744 23,804
Gain on forgiveness of debt 0 (299,300)
Loss on change in fair value of profit share 148,961 121,054
Changes in operating assets and liabilities    
(Increase) Decrease in accounts receivable (841,905) 268,302
Decrease in inventory 150,335 107,693
(Decrease) Increase in prepaid expenses and other assets (283) 2,937
(Decrease) Increase in accounts payable and accrued liabilities and accrued salaries (46,458) 440,468
Decrease in operating lease liability (105,215) (100,084)
Net cash (used in) provided by operating activities (1,008,935) 888,197
Cash flows from financing activities    
Payments of notes payable 0 34,661
Payments of equipment notes payable (2,677) (8,584)
Proceeds from exercise of warrants 0 246,808
Proceeds from the issuance of notes payable 0 299,380
Net cash provided by financing activities (2,677) 502,943
Net (decrease) increase in cash and cash equivalents (1,011,612) 1,391,140
Cash and cash equivalents - beginning of period 1,388,307 591,019
Cash and cash equivalents - end of period 376,695 1,982,159
Cash paid during the period for:    
Interest 0 41,082
Taxes 14,242 3,240
SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTIONS    
Stock issued for conversion of convertible notes 0 1,850,000
Stock issued for prepaid services 0 644,250
Stock issued for interest payable $ 0 $ 247,200