XML 18 R7.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities:    
Net loss $ (5,978,890) $ (7,340,521)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation and amortization 1,316,217 1,621,898
Amortization of debt discount 338,962 453,619
Stock-based compensation 730,335 521,791
Amortization of right-of-use assets 434,762 439,963
Deferred taxes (1,075) (38,650)
(Gain) loss on disposal of property and equipment 65,016 457,329
Changes in assets and liabilities:    
Accounts receivable (1,010,624) 867,035
Inventories (190,640) (901,122)
Contract assets 863,564 383,835
Prepaid expenses and other current assets (129,992) (87,721)
Accounts payable 486,819 (736,726)
Accrued expenses (416,828) (538,387)
Operating lease liabilities (434,762) (442,519)
Contract liabilities (49,985) (188,266)
Net Cash used in Operating Activities (3,977,121) (5,528,442)
Cash Flows from Investing Activities:    
Purchase of property and equipment (228,928) (977,432)
Proceeds from the disposal of property and equipment 55,789 948,665
Net Cash used in Investing Activities (173,139) (28,767)
Cash Flows from Financing Activities:    
Repayments of finance lease liabilities (381,755) (1,233,103)
Proceeds from issuance of common stock and prefunded warrants 0 1,107,385
Proceeds from related party loan 1,149,085 0
Capital contribution from noncontrolling interest 19,694
Net Cash provided by Financing Activities 787,024 (125,718)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (151,468) (203,988)
Net Change in Cash, Cash Equivalents, and Restricted Cash (3,514,704) (5,886,915)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 10,868,728 10,422,181
Cash, Cash Equivalents, and Restricted Cash at End of Period 7,354,024 4,535,266
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 132,997 131,380
Cash paid for income taxes 0 0
Non-Cash Investing and Financing Activities    
Financed purchases of property and equipment $ 149,407 $ 83,825