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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (12,434,114) $ (8,103,522)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 226,039 85,816
Non-cash lease expense 35,450 0
Issuance of common stock for services 383,879 71,200
Stock-based compensation 1,215,624 925,181
Gain on legal settlement (22,303) 0
Inventory reserve 50,000 0
Changes in operating assets and liabilities:    
Accounts receivable (204,941) (64,792)
Other accounts receivable (4,137) (39,749)
Unbilled accounts receivable (158,454) (576,389)
Inventory (1,294,081) (615,967)
Contract assets (136,651) 0
Prepaid expenses 149,673 (427,630)
Other assets (20,847) 0
Accounts payable and accrued expenses 215,721 (877,285)
Accrued bonuses 570,000 0
Accrued contract loss provision 500,000 500,000
Accrued legal settlement 335,000 135,000
Unearned revenue 97,683 (70,109)
Other liabilities (19,508) 23,259
Operating lease liability (73,768) 0
Net cash used in operating activities (10,589,735) (9,034,987)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (554,942) (105,990)
Increase in intangible assets (98,602) (5,725)
Proceeds from the sale of investments 0 1,963,432
Net cash (used in) provided by investing activities (653,544) 1,851,717
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the exercise of options and warrants 60,000 137,500
Net proceeds from the sale of common stock 11,389,519 13,441,438
Net cash provided by financing activities 11,449,519 13,578,938
Effect of exchange rates on cash 0 2,799
Net increase in cash 206,240 6,398,467
Cash and cash equivalents, beginning of year 10,445,404 4,046,937
Cash and cash equivalents, end of year 10,651,644 10,445,404
Supplemental cash flow disclosures    
Cash paid for interest 0 0
Cash paid for taxes 0 0
Supplemental disclosure operating, investing and financing activities    
Amortization of unrealized loss into interest income as yield adjustment 0 18,968
Cashless stock option exercises 100 0
Equipment purchase in accounts payable 118,376 0
Initial right-of-use asset and liability 726,464 0
Reclassification of inventory to property and equipment 1,819,284 0
Transfers of investments securities from AFS to HTM $ 0 $ 1,963,432