Current report filing

Condensed Statements of Cash Flows (Unaudited)

v3.22.2.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities    
Net loss $ (6,860,958) $ (2,594,593)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 228,405 174,501
Stock-based compensation 388,814 208,364
Amortization of debt discount 347,106
Noncash impact of lease accounting 88,212 79,961
Other income – PPP Loan (1,578,500)
Changes in operating assets and liabilities:    
Accounts receivable (811,016) 54,908
Inventories (2,380,429)
Contract assets (60,585) (226,414)
Other assets (1,360,086) 180,346
Accounts payable and accrued liabilities 1,039,296 315,312
Contract liabilities (373,791) (285,156)
Operating lease liabilites (155,382) (140,786)
Net cash from operating activities (9,910,414) (3,812,057)
Cash Flows From Investing Activities    
Additions to property and equipment (3,080,199) (3,008)
Net cash from investing activities (3,080,199) (3,008)
Cash Flows From Financing Activities    
Proceeds from PPP Loan 1,578,500
Proceeds from notes payable 5,000,000
Payments of note payable (239,244)
Net cash from financing activities 6,339,256
Net change in cash and cash equivalents (12,990,613) 2,524,191
Cash and cash equivalents, beginning of period 20,952,867 3,298,180
Cash and cash equivalents, end of period 7,962,254 5,822,371
Supplemental disclosure of cash flow information    
Cash paid for interest 761,189 49,133
Cash paid for taxes
Supplemental non-cash investing actives    
Additions of property and equipment included in accounts payable $ 1,949,142