XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows From Operating Activities:    
Net loss $ (2,127,305) $ (1,924,032)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and intangible asset amortization expense 16,328 22,476
Share-based compensation 69,478 177,427
Provision for doubtful accounts (bad debt recovery) (40,094) (2,056)
Provision for excess and obsolete inventory 36,839 111,123
Loss on disposal of assets 12,625 100
Operating lease expense 82,734 79,705
Changes in operating assets and liabilities:    
Accounts receivable (12,490) (267,842)
Inventory 234,885 (77,808)
Prepaid expenses and other (108,147) 1,166,170
Accounts payable and accrued liabilities (260,570) (635,373)
Deferred revenue (30,836) (3,863,683)
Operating lease liability, net (86,539) (80,716)
Net cash used in operating activities (2,213,092) (5,294,509)
Cash Flows From Investing Activities    
Proceeds from the sale of property and equipment 200
Net cash provided by investing activities 200
Cash Flows From Financing Activities    
Net cash provided by financing activities
Net change in cash and cash equivalents (2,213,092) (5,294,309)
Cash and cash equivalents, beginning of period 12,508,251 18,637,114
Cash and cash equivalents, end of period 10,295,159 13,342,805
Supplemental cash flow information:    
Interest paid
Income taxes paid
Non-cash investing and financing activities:    
Options issued for accrued equity compensation liability $ 89,970