XML 21 R7.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net Loss $ (1,570,851) $ (832,738)
Adjustments to reconcile net loss to net cash used in operating activities:    
Bad Debt 11,175
Stock compensation 88,388 269,100
Depreciation 268 268
Amortization 1,352 (0)
Forgiveness of PPP Loan (22,916)
Non-cash lease expense 2,774 2,536
Gain on sale of short-term investments (97,650)
Changes in operating assets and liabilities:    
Accounts receivable (9,447) (18,560)
Prepaid assets 31,371 (64,052)
Inventory (5,637) (93,016)
Accounts payable - related party (260,000) 58,099
Accounts payable (349,866) 229,061
Accrued expenses 63,811 (12,050)
Deferred revenue 130,000
Lease liability (24,773) (22,450)
Net cash used in operating activities (2,130,260) (365,543)
Cash flows from investing activities:    
Sale of short-term investments 21,155,143
Purchase of short-term investments (18,694,446)
Purchase of patents (61,458)
Net cash provided by investing activities 2,399,239
Cash flows from financing activities:    
Sale of common stock for cash, net of financing fees 5,100
Payments on loan payable - shareholder (10,000)
Payments on notes payable - officer (200,000)
Net cash used in financing activities (200,000) (4,900)
Net increase (decrease) in cash and cash equivalents 68,979 (370,443)
Cash and cash equivalents - beginning of period 162,743 661,778
Cash and cash equivalents - end of period 231,722 291,335
Non-cash investing and financing activities:    
Unrealized loss on short-term investments (3,224)
ROU asset and lease liability recorded $ 11,359