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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities    
Net loss $ (3,290,920) $ (2,087,133)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 44,281 33,174
Stock based compensation 514,934 236,470
Change in foreign currency translation 5,767 0
Changes in operating assets and liabilities:    
Accounts receivable (17,526) (242,816)
Unbilled accounts receivable (790,863) 0
Inventory (143,785) 0
Prepaid expenses (52,998) (309,234)
Accounts payable and accrued expenses (1,115,353) 619,652
Deferred revenue (17,048) 732,620
Other liabilities (13,528) (6,465)
Cash Provided by (Used In) Operating Activities (4,877,039) (1,023,731)
Cash Flows from Investing Activities    
Purchase of marketable securities 0 (6,999,927)
Purchase of equipment (7,303) (6,608)
Increase in intangible assets (5,623) (494)
Cash Provided by (Used In) Investing Activities (12,926) (7,007,029)
Cash Flow from Financing Activities    
Proceeds from the sale of investments 1,963,430 0
Proceeds from the issuance of common stock 13,478,959 0
Cash Provided by Financing Activities 15,442,389 0
Net Increase in Cash 10,552,424 (8,030,760)
Cash, Beginning of the Period 4,046,937 11,131,175
Cash, End of the Period 14,599,361 3,100,415
NON-CASH FINANCING ACTIVITIES    
Conversion of preferred stock to common stock $ 0 $ 133