Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (6,857,834) $ (4,239,685)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on extinguishment of debt and interest (659,277) (10,000)
Non-cash lease expense 90,279 26,559
Common stock and warrants issued for interest 1,705,234 1,173,458
Depreciation and amortization 28,114 35,096
Accretion of interest and amortization of debt discount 615,007 817,877
Loss on extinguishment of accrued liabilities and debt 589,570
Common stock issued for debt extension 1,029,939
Stock-based compensation expense 1,430,244 64,483
Gain on investment in equity securities (8,061) (19,138)
Common stock and warrants issued for services 1,480,944 117,461
Changes in operating assets and liabilities:    
Accounts receivable (96,780) (137,100)
Inventories 20,338 (212,985)
Prepaid expenses and other assets (25) 237,681
Accounts payable 131,729 137,304
Accrued employee compensation 101,299 52,532
Operating lease liability (127,014) (26,559)
Deferred revenue and other accrued expenses 693,653 637,164
Net cash used in operating activities (422,211) (756,282)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property plant and equipment (3,000) (1,135)
Net cash used in investing activities (3,000) (1,135)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Sale of common stock 100,000
Proceeds from stock option exercises 81,111
Net proceeds from convertible debt 2,520,000 806,000
Net proceeds from non-convertible debt - third party 654,681 351,150
Net proceeds from debt - related party 88,200 195,250
Payments on convertible debt (1,628,474) (324,350)
Payments on debt - related party (99,000)
Payments on non-convertible debt (1,056,149) (284,141)
Net cash provided by financing activities 660,369 743,909
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 235,158 (13,508)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 3,865 132,311
CASH AND CASH EQUIVALENTS AT END OF PERIOD 239,023 118,803
CASH FLOWS SUPPLEMENTAL INFORMATION    
Interest paid in cash 534,872 120,436
NON CASH TRANSACTIONS:    
Early adoption of ASU 2020-06 adoption 473,027
Common stock issued with debt 1,087,751 142,480
Discount from warrants issued with debt 87,436
Common stock issued in lieu of cash for dividend 102,435 64,256
Preferred stock dividends 431,807 432,149
Conversion of preferred stock for common stock 4,935
Conversion of debt and interest into common stock $ 509,033 $ 350,500