XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Cash flows from operating activities:          
Net loss $ (671,745) $ (1,308,442) $ (3,996,607) $ (3,866,984) $ (5,019,882)
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation and amortization expense     32,297 16,646  
Amortization of note discount and issuance costs     0 39,942  
Stock based compensation     1,330,104 365,302  
Investment (income) loss (8,934) 68,802 (62,487) 352,601  
Accounts receivable     (22,485) (30,860)  
Inventory     12,000 (1,808)  
Prepaid expenses and other current assets     (148,373) 142,574  
Accounts payable and accrued expenses     107,238 153,095  
Unearned subscriptions     (451,049) (663,731)  
Net cash used in operating activities     (3,199,362) (3,493,223)  
Cash flows from investing activities:          
Purchase of property and equipment     (2,605) (63,473)  
Purchase of marketable securities     (6,418,134) (22,573,384)  
Sale of marketable securities     9,694,625 25,523,637  
Net cash provided by investing activities     3,273,886 2,886,780  
Cash flows from financing activities:          
Principal payments on senior secured note payable     0 (90,000)  
Principal payments on notes payable     (21,523) (21,310)  
Purchase of treasury stock     (15,291) (1,065,216)  
Net cash used in financing activities     (36,814) (1,176,526)  
Net increase (decrease) in cash     37,710 (1,782,969)  
Cash - beginning of period     425,578 2,426,497 2,426,497
Cash - end of period $ 463,288 $ 643,528 463,288 643,528 $ 425,578
Supplemental disclosures:          
Interest paid     441 86,220  
Income taxes paid     0 0  
Non-cash investing and financing activities:          
Treasury stock purchased from related party with other assets     79,100 0  
Retirement of treasury stock     1,181,475 0  
Issuance of stock for investment     8,424,000 0  
Common stock issued in settlement of common stock payable     $ 0 $ 30,000