XML 15 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
  Net loss $ (2,831,231) $ (428,142)
  Adjustments to reconcile net loss to net cash provided by operating activities:    
      Stock-based compensation 880,508 735,378
      Depreciation and amortization 671,547 575,328
      Amortization of debt discount 24,011 24,818
      Amortization of operating lease ROU asset 351,574 399,177
      Deferred tax expenses (benefits) 16,000
  Changes in operating assets and liabilities:    
      Accounts receivable 1,100,182 764,047
      Inventories 72,548 (995,403)
      Prepaid expenses and other current assets (92) (181,024)
      Other assets (476) (222,248)
      Accounts payable and accrued expenses (396,629) (451,911)
      Accrued payroll and related expenses (100,219) (46,731)
      Net deferred revenue on shipments to distributors 20,809 69,708
      Deferred service revenue (1,275) 6,127
      Net change in operating lease liability (329,786) (279,306)
         Net cash used in operating activities (522,529) (30,182)
Investing activities    
  Purchases of PP&E including software and website development (1,469,227) (910,603)
       Net cash used in investing activities (1,469,227) (910,603)
Financing activities    
  Common stocks repurchased (208,425) (653,684)
  Proceeds from subordinated convertible notes payable, net of discount - related party 1,582,452
  Repayments of note payable (125,000) (375,000)
  Proceeds from stock options exercised 212,815 110,925
       Net cash (used in) provided by financing activities 1,461,842 (917,759)
Net decrease in cash and cash equivalents (529,914) (1,858,544)
Cash and cash equivalents at beginning of period 3,623,469 6,095,886
Cash and cash equivalents at end of period 3,093,555 4,237,342
Supplemental disclosure of cash flow information    
Cash paid for interest 161,893 122,197
Supplemental disclosure of non-cash activities    
  Payroll tax liability for retired restricted stock 115,215
  Property acquired under operating lease $ 3,862,511