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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (4,956,785) $ (3,290,920)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 50,953 44,281
Issuance of common stock for services 342,600 0
Stock-based compensation 458,584 514,934
Change in foreign currency translation 0 5,767
Gain on legal settlement (22,303) 0
Inventory reserve 50,000 0
Changes in operating assets and liabilities:    
Accounts receivable 7,355 (17,526)
Other accounts receivable 14,948 0
Unbilled accounts receivable (277,056) (790,863)
Inventory (608,838) (143,785)
Prepaid expenses (275,495) (52,998)
Other assets (15,709) 0
Accounts payable and accrued expenses 319,978 (1,115,353)
Accrued contract loss provision 100,000 0
Unearned revenue (97,232) (17,048)
Other liabilities (25,044) (13,528)
Net cash used in operating activities (4,934,044) (4,877,039)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (46,093) (7,303)
Purchases of equipment-in-process (328,778) 0
Increase in intangible assets (27,349) (5,623)
Proceeds from the sale of investments 0 1,963,430
Net cash provided by (used in) investing activities (402,220) 1,950,504
Net (issuance costs) proceeds from the sale of common stock (25,658) 13,478,959
Net cash provided by (used in) financing activities (25,658) 13,478,959
Net increase (decrease) in cash (5,361,922) 10,552,424
Cash, beginning of period 10,445,404 4,046,937
Cash, end of period 5,083,482 14,599,361
Supplemental cash flow disclosures    
Cash paid for interest 0 0
Cash paid for taxes 0 0
Supplemental disclsoure investing activities    
Reclassification of inventory to equipment-in-process $ 1,819,284 $ 0