v3.21.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (16,273,871) $ (11,801,415)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on loan forgiveness (367,039)
Non-cash lease expense 48,158 55,628
Common stock and warrants issued for interest and extension fees 6,208,696 242,350
Depreciation and amortization 83,531 103,424
Accretion of interest and amortization of debt discount 5,308,424 3,454,470
Loss on extinguishment of accrued liabilities and debt 23,004 1,036,638
Stock-based compensation expense 219,943 373,652
Loss (Gain) on investment in equity securities 404,451 (486,723)
Common stock issued for services 579,512 87,963
Changes in operating assets and liabilities:    
Accounts receivable (407,404) (101,057)
Inventories (203,651) 101,511
Prepaid expenses and other assets (306,024) 53,810
Accounts payable (336,675) (109,445)
Accrued employee compensation 39,801 (609)
Operating lease liability (48,158) (55,628)
Deferred revenue and other accrued expenses 943,400 3,138,667
Net cash used in operating activities (4,083,902) (3,906,764)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Advance on loan receivable (801,250)
Purchases of property plant and equipment (4,503) (1,663)
Net cash used in investing activities (4,503) (802,913)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from Series AA Convertible Preferred Stock 1,015,000
Proceeds from stock option exercises 14,773
Net proceeds from convertible debt 5,054,500 6,977,800
Net proceeds from non-convertible debt – third party 1,610,688 990,539
Net proceeds from non-convertible debt – related party 194,600 38,500
Payments on convertible debt (1,608,295) (1,972,007)
Payments on non-convertible debt – related party (256,600) (15,000)
Payments on non-convertible debt (1,291,150) (1,245,028)
Net cash provided by financing activities 4,733,516 4,774,804
NET INCREASE IN CASH AND CASH EQUIVALENTS 645,111 65,127
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 18,540 29,625
CASH AND CASH EQUIVALENTS AT END OF PERIOD 663,651 94,752
SUPPLEMENTAL INFORMATION    
Interest paid in cash 802,084 530,009
NON CASH TRANSACTIONS:    
Common stock issued for non-cash warrant exercise 363
Loan extension fees and interest added to principal 152,552
Common stock issued to settle accrued liabilities 127,855
Common stock issued with debt 551,198 147,775
Discount from warrants issued with debt 1,403,546 4,261,055
Common stock issued in lieu of cash for dividend 114,298 221,374
Preferred stock dividends 1,239,535 1,118,526
Conversion of debt and interest into common stock 2,589,990 1,830,543
Discount due to beneficial conversion feature 1,231,528 1,353,694
Deemed dividend - beneficial conversion feature 873,798
Conversion of accrued liabilities and debt for Series AA preferred stock 500,250 110,000
Common stock issued for debt settlement $ 374,550

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