XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities:    
Net Loss $ (2,389,503) $ (3,746,424)
Adjustments to reconcile net loss to net cash provided by (used in) operations:    
Depreciation and amortization 756,631 746,357
Amortization of discount on convertible notes payable 84,528 297,338
Stock-based compensation 157,173 178,778
Change in deferred tax asset / liability (14,292) (14,944)
Changes in assets and liabilities:    
Accounts receivable (379,330) (237,953)
Inventory (283,157) (505,962)
Contract assets (151,812) (585,678)
Prepaid expenses and other current assets (336,388) (1,399,481)
Accounts payable 791,702 414,995
Accrued expenses (433,045) 209,038
Operating lease liabilities (138,699) (185,804)
Contract liabilities 48,755 (205,206)
Assets held for sale 2,136 0
Total Adjustments 107,201 (1,288,522)
Net Cash used in Operating Activities (2,285,301) (5,034,944)
Cash Flows from Investing Activities:    
Purchase of property and equipment (87,470) (183,031)
Net Cash used in Investing Activities (87,470) (183,031)
Cash Flows from Financing Activities:    
Payments on finance lease obligation (98,945) (91,807)
Interest payments on convertible note 0 (840,000)
Net Cash used in Financing Activities (98,945) (931,807)
Gain (Loss) on Currency Translation 184,278 (112,537)
Net change in Cash and Restricted Cash (2,287,438) (6,262,319)
Cash and Restricted Cash at Beginning of Period 16,597,371 17,489,380
Cash and Restricted Cash at End of Period 14,309,933 11,227,061
Supplemental Disclosures of Cash Flow Information:    
Interest (41,506) 203,289
Income Taxes $ 0 $ 0