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, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net loss $ (1,446,984) $ (1,148,181)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Stock-based compensation amortization of prepaid services 41,892 43,125
Stock-based compensation expense 120,000 138,622
Amortization of discount of notes payable 329,467 457,401
Amortization of debt issuance costs 0 30,072
Amortization of right to use assets operating lease 9,830 104,697
Amortization of patent rights 51,150 51,150
Depreciation expense 543 8,744
Loss on change in fair value of profit share 191,040 148,961
Change in assets and liabilities    
Decrease (Increase) in accounts receivable 2,080,674 (841,905)
Decrease in inventory 64,788 150,335
Decrease (Increase) in prepaid expenses and other assets 56,560 (283)
Decrease in accounts payable and accrued liabilities (679,339) (7,354)
Increase in accrued interest 6,113 0
Decrease in accrued salaries (37,424) (39,104)
Decrease in operating lease liability (10,746) (105,215)
Net cash provided by (used in) operating activities 777,564 (1,008,935)
Cash flows from financing activities    
Payments of equipment notes payable 0 (2,677)
Proceeds from exercise of stock options 209,500 0
Net cash provided by (used in) financing activities 209,500 (2,677)
Net increase (decrease) in cash and cash equivalents 987,064 (1,011,612)
Cash and cash equivalents - beginning of period 1,504,225 1,388,307
Cash and cash equivalents - end of period 2,491,289 376,695
Cash paid during the period for:    
Interest 0 0
Taxes $ 0 $ 14,242