v3.25.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (15,190,904) $ (13,780,537)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on loan forgiveness (687,591)
Non-cash lease expense 13,180 106,345
Common stock issued for interest 2,060,035 3,001,680
Preferred stock issued for interest 1,716,378
Preferred stock for services 317,500 505,700
Preferred stock issued debt extensions 2,723,690 1,397,000
Depreciation and amortization 165,525 56,228
Accretion of interest and amortization of debt discount 2,281,510 1,825,243
Common stock issued for debt extension 110,310 1,521,573
Stock-based compensation expense 390,320 1,565,798
(Gain) on investment in equity securities (1,899) (20,245)
Common stock and warrants issued for services 241,853 1,653,344
Investment banker fees for UB APA 210,060
Changes in operating assets and liabilities:    
Accounts receivable (27,622) 106,359
Inventories 113,901 132,695
Prepaid expenses and other assets 88,996 (23,487)
Accounts payable (171,078) 274,992
Accrued employee compensation 252,249 120,940
Operating Lease Liability (14,243) (135,549)
Deferred revenue and other accrued expenses 2,154,767 1,058,126
Net cash used in operating activities (2,565,472) (1,321,386)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property plant and equipment (3,000)
Net cash used in investing activities (3,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Sale of common stock 150,000
Proceeds from stock option exercises 81,111
Net proceeds from convertible debt 2,479,135 3,499,000
Net proceeds from non-convertible debt - third party 547,000 1,909,681
Net proceeds from debt - related party 308,229 123,400
Payments on convertible debt (653,814) (2,353,536)
Payments on debt - related party (104,700) (148,500)
Payments on non-convertible debt (77,404) (1,915,660)
Net cash provided by financing activities 2,498,446 1,345,496
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (67,026) 21,110
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 81,279 3,865
CASH AND CASH EQUIVALENTS AT END OF PERIOD 14,253 24,975
SUPPLEMENTAL INFORMATION    
Interest paid in cash 847,560 1,064,266
NON CASH TRANSACTIONS:    
Common stock issued with debt 230,455 1,244,425
Preferred stock issued with debt 328,250 539,487
Common stock issued in lieu of cash for dividend 38,838 162,528
Preferred stock dividends 1,264,106 997,079
Conversion of preferred stock for common stock 77,540 5,379
Conversion of common stock for preferred stock 8,750 6,240
Conversion of debt and interest into common stock 509,033
Initial recognition of ROU assets and liabilities 452,729
Conversion of debt, accrued interest and accrued dividend for preferred stock 10,017,212
Extension of warrants for Series AA preferred stock 3,626,950
Preferred stock exchange for liability 1,725,001
Preferred stock and options issued for UB Acquisition 5,959,834
Prior year stock warrant adjustment 209,247
Accrued interest rolled into principal $ 845,420

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