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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net loss $ (8,092,328) $ (7,993,795)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 2,371,068 596,975
Loss on disposal of property and equipment 2,634 41
Bad debt expense 280,000 51,536
Inventory obsolescence 540,090 251,826
Share-based compensation 2,702,633 2,668,892
Accretion of earnout liabilities 284,540
Noncash lease expense 263,518 174,955
Loss on equity method investment 379,633 616,927
Loss on disposal of investment 1,040,311
Benefit from deferred income taxes (5,844,796)
Changes in operating assets and liabilities:    
Accounts receivable, net (2,250,223) (695,018)
Accounts receivable – related party (18,761) (79,787)
Inventory, net (517,271) (1,151,764)
Prepaid and other assets (159,592) (305,501)
Accounts payable (301,966) 166,903
Accounts payable – related parties (121,781) (67,772)
Accrued royalties and expenses 1,156,279 204,005
Accrued bonuses and commissions 2,994,512 923,063
Operating lease liabilities (263,370) (176,012)
Net cash used in operating activities (5,554,870) (4,814,526)
Cash flows from investing activities:    
Purchases of property and equipment (147,015) (171,867)
Proceeds from disposal of assets 1,549
Purchases of intangible assets (600,000) (578,586)
Investment in equity securities (250,000) (4,534,278)
Acquisitions, net of cash acquired (2,516,164)
Net cash used in investing activities (3,511,630) (5,284,731)
Cash flows from financing activities:    
Draw on line of credit 800,000
Pay off line of credit (800,000)
Public offering net proceeds 28,939,257
Net settlement of equity-based awards (407,346) (442,525)
Distribution to noncontrolling interest member (220,000) (200,000)
Net cash flows provided by (used in) financing activities (627,346) 28,296,732
Net increase (decrease) in cash (9,693,846) 18,197,475
Cash, beginning of period 18,652,841 455,366
Cash, end of period 8,958,995 18,652,841
Cash paid during the period for:    
Interest 206 711
Supplemental noncash investing and financing activities:    
Equity issued for acquisitions 15,738,517 2,334,244
Earnout liabilities generated by acquisitions 6,882,151
Investment in equity securities converted in asset acquisition 1,803,440
License agreement as capital contribution from noncontrolling interest member $ 93,879