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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net loss $ (331,138) $ (3,265,601)
Adjustments to reconcile net loss from operations:    
Depreciation and amortization 109,625 120,410
Amortization of deferred financing costs 103,632 203,721
Loss on extinguishment of debt 790,723
Interest on convertible notes 53,725
Stock-based compensation expense 590,407 992,549
Beneficial conversion of Bridge notes 636,075
Impairment of investment 310,000
Gain on disposal of assets 3,468
Inventory write-offs 26,792 25,528
Bad debt expense 28,248 25,239
PPP loan forgiveness (1,032,316)
Changes in operating assets and liabilities:    
Accounts receivable (2,034,311) 613,723
Inventories (116,964) (324,981)
Prepayments and other assets (3,732,753) (158,687)
Accounts payable and accrued expenses 1,729,802 (2,149,312)
Deposits 4,475,416 441,518
Net Cash Provided By (Used In) Operating Activities 1,296,963 (3,162,425)
Cash Flows from Investing Activities    
Purchases of property and equipment (9,670) (85,331)
Net Cash Used In Investing Activities (9,670) (85,331)
Cash Flows from Financing Activities    
Proceeds from issuance of Revolving Facility 2,207,432
Proceeds from issuance of Term Loan 2,000,000
Proceeds from Revolving Facility advances 1,205,525
Repurchase of Common Stock (3,474,270)
Proceeds from issuance of Common Stock, net of offering costs 58,203,091
Long-term note payable 1,020,600
Debt financing costs (545,501)
Repayment of debt (5,755,845) (2,686,522)
Net Cash Provided by Financing Activities 48,972,976 3,201,534
Net Increase in Cash 50,260,269 (46,222)
Cash at Beginning of Period 184,469 448,703
Cash at End of Period 50,444,738 402,481
Supplemental Cash Flow Information:    
Interest Paid 218,435 664,343
Supplemental disclosure of non-cash investing and financing activities:    
Debt financing costs booked in equity 676,822
PPP Loan Forgiveness $ 1,032,316