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Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,671,184) $ (4,634,767)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:    
Depreciation 1,999,005 2,027,788
Amortization of intangible assets 14,328 14,328
Amortization of debt issuance costs and debt discounts 31,859 12,525
Stock-based compensation 256,688 268,207
Loss on disposal of property, plant and equipment 14,557 8,099
Non-cash rent (benefit) expense (112,306) 95,881
Changes in:    
Trade accounts receivable (122,530) (105,985)
Inventory 351,389 (1,347,124)
Prepaid expenses and other current assets 183,397 (201,211)
Other assets 28,756 6,587
Accounts payable and accrued expenses 386,995 (95,493)
Net cash provided by (used for) operating activities 360,954 (3,951,165)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (269,509) (1,811,169)
Prepaid expenses and other current assets (115,127)
Proceeds from sale of property, plant and equipment 4,500 2,474
Net cash used for investing activities (265,009) (1,923,822)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from debt issuance 3,000,000
Proceeds from At-The-Market Offering, net 3,833,090
Proceeds from line of credit 2,000,000
Line of credit repayments (2,000,000)
Debt principal repayments (1,094,106) (829,015)
Payments of debt issuance costs and debt discounts (5,037) (98,098)
Net cash (used for) provided by financing activities 2,733,947 2,072,887
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 2,829,892 (3,802,100)
BEGINNING CASH AND CASH EQUIVALENTS 978,741 5,791,562
ENDING CASH AND CASH EQUIVALENTS 3,808,633 1,989,462
CASH PAID FOR:    
Income taxes 5,905 7,205
Interest 404,077 303,752
NON-CASH ACTIVITIES:    
Decrease in capital expenditures included in accounts payable and accrued expenses 6,797 56,441
Increase in operating lease right-of-use asset and operating lease liability $ 103,115 $ 2,090,298