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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Inventory

Inventory		Dec 31, 22				Dec 31, 21
Equipment Parts Inventory			759,930				731,863
Finished Goods Inventory			254,656				161,918
Sales Demo Inventory			647,790				885,514
Work in process Inventory			31,434				11,657
Total Inventory			1,693,810				1,790,952

Estimated useful lives for significant property and equipment

Category		Economic Useful Life
Office furniture and fixtures		3-5 years
Machinery and equipment		5-7 years
Intangible Assets		7-12 years

Fixed assets

		December 31
Fixed Assets		2022				2021
Accumulated Depreciation			(298,718	)			(186,526	)
Machinery & Equipment			797,695				797,695
Office & Computer Equipment			25,246				8,420
Office Furniture			55,663				31,029
Vehicles			9,989				9,989
R&D Equipment			37,973				37,973
Total Fixed Assets			627,848				698,580

Intangible assets

		December 31st
Intangible Assets		2022				2021
Accumulated Amortization			(469,229	)			(236,130
Customer Relationships			211,000				211,000
Equipment Design Documentation			2,675,000				2,675,000
Operational Software & Website			305,470				301,275
Trademarks			216,800				216,800
Total Intangible Assets			2,939,041				3,167,945

Liabilities

		31-Dec-22				31-Dec-21
Liabilities
Current Liabilities
Accounts Payable			190,387				113,443
Deferred Revenue			-				91,775
Accrued Expenses			1,181,000
Lease liability current portion			344,510				171,757
Sales Tax Liability			-				15,456
Total Current Liabilities			1,715,897				392,431
Long Term Liabilities			487,562				907,013
Total Liabilities			2,203,459				1,299,444

Long term liabilities

		December 31
Long Term Liabilities		2022				2021
ICT Investments Loans
Note 2			-				261,684
Note 1			-				-
Total ICT Investments Loans			-				261,684
PPP Loan			-				317,328
Lease liability, less Current Portion			487,562				328,001
Total Long Term Liabilities			487,562				907,013

Cash flows provided by (used in) operating, investing and financing activities

		Year ended December 31
		2022				2021
Net cash provided by Operating Activities			(736,971	)			1,375,287
Net cash provided by Investing Activities			(45,655	)			(229,465	)
Net cash provided by Financing Activities			12,348,676				(856,786	)
Net cash increase for period			11,566,050				289,036
Cash at the beginning of period			615,749				326,713
Cash at end of period			12,181,799				615,749

Working capital

		Year Ended December 31
		2022				2021
Cash And Cash Equivalents			12,181,799				615,749
Working Capital (excluding cash and cash equivalents)			1,325,408				1,482,886
Total Working Capital			13,507,207				2,098,635

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