XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES    
Net Loss $ (2,496,207) $ (2,493,223)
Noncash Expenses:    
Depreciation and Amortization 48,814 35,983
Gain on Derivative Liability (1,092,441)
Stock Based Compensation - Employees 233,919 424,989
Stock Based Compensation - Third Party Services 55,937 54,924
Stock Based Compensation - Directors 122,274
Change in assets and liabilities:    
Accounts Receivable (57,888) (230,865)
Inventory (187,348) 13,078
Prepaid Assets (51,591) 81,695
Accounts Payable 186,831 (431,893)
Deferred Revenue (14,388) (39,860)
Accrued Expenses (14,531) 149,785
NET CASH USED IN OPERATING ACTIVITIES (3,266,620) (2,435,387)
INVESTING ACTIVITIES    
Purchase of Property and Equipment (52,931) (11,474)
Purchase of Intangible Assets (55,090) (87,736)
Dissolution of Joint Venture 500
NET CASH USED IN INVESTING ACTIVITIES (108,021) (98,710)
FINANCING ACTIVITIES    
Gross Proceeds from Public and Private Issuances of Securities 14,869,899 3,600,000
Less Offering Costs (1,600,967) (820,228)
Payment of Note Payable (50,000)
Proceeds from Exercise of Warrants 1,136,010 2,141,100
Deferral of Payroll Taxes under the CARES Act 22,072
NET CASH PROVIDED BY FINANCING ACTIVITIES 14,404,942 4,892,944
NET CHANGE IN CASH FOR PERIOD 11,030,301 2,358,847
CASH AT BEGINNING OF PERIOD 3,700,814 86,919
CASH AT END OF PERIOD 14,731,115 2,445,766
Noncash investing and financing activities disclosure:    
Issuance of Common Shares for Preferred Dividends 75,108 1,006,717
Issuance of Securities for services 178,209 62,794
Disclosure of cash paid for:    
Interest 3,382 9,359
Income Taxes