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Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,694,767) $ (170,861)
Adjustments to reconcile net loss to net cash (used for) provided by operating activities:    
Depreciation 1,332,153 1,241,455
Amortization of intangible assets 9,552 9,552
Amortization of debt issuance costs 3,838 3,820
Stock-based compensation 171,773 115,727
Loss (gain) on disposal of property, plant and equipment 8,167 (11,000)
Non-cash rent expense 28,901 4,006
Changes in:    
Trade accounts receivable 259,752 1,280,525
Inventory (1,497,442) (1,513,135)
Prepaid expenses and other current assets (50,325) 26,847
Other assets (5,831) 2,332
Accounts payable and accrued expenses (9,182) 22,725
Net cash (used for) provided by operating activities (3,443,411) 1,011,993
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (1,390,654) (1,750,786)
Proceeds from sale of property, plant and equipment 91 11,000
Net cash used for investing activities (1,390,563) (1,739,786)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from debt issuance 2,000,000
Proceeds from line of credit 1,000,000
Debt principal repayments (503,277) (425,816)
Payments of debt issuance costs (19,306)
Proceeds from exercise of stock options 30,672
Net cash provided by financing activities 496,723 1,585,550
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (4,337,251) 857,757
BEGINNING CASH AND CASH EQUIVALENTS 5,791,562 10,185,468
ENDING CASH AND CASH EQUIVALENTS 1,454,311 11,043,225
CASH PAID FOR:    
Income taxes 7,205 4,575
Interest expense 176,451 159,396
NON-CASH ACTIVITIES:    
Change in capital expenditures included in accounts payable and accrued expenses (58,835) (15,200)
Operating lease right-of-use asset and operating lease liability $ 2,090,298