v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities:    
Net loss $ (8,856,754) $ (4,566,567)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization 289,098 289,098
Amortization of interest - conversion features 848,329 222,373
Amortization of interest 423,782 275,052
Loss on extinguishment of debt (245,105) 0
Change in fair value of derivative liability (1,040,000) 0
Stock warrants expense 771,177 0
Stock options expense 1,262,396 399,259
Stock-based compensation expense 1,010,430 334,228
Changes in assets and liabilities:    
Accounts receivable (8,484) 0
Inventory (157,303) 0
Prepaid expenses 375,001 (19,361)
Other assets 3,149 (7,146)
Accounts payable (149,145) 604,834
Accrued expenses 1,027,548 (6,961)
Accrued interest payable 172,343 58,733
Related party payables (60,976) 780
Stock subscriptions payable 70,500 138,069
Net cash used in operating activities (4,264,014) (2,277,609)
Financing Activities:    
Proceeds from public equity offering 10,004,264 0
Cost of public equity offering (1,309,882) 0
Proceeds from private equity offering 5,997,854 0
Cost of private equity offering (867,100) 0
Repayments of convertible debenture payable (3,048,781) 0
Proceeds from notes payable - related parties 0 1,030,000
Repayments of notes payable - related parties 0 (30,000)
Proceeds from notes payable - non-related parties 0 1,005,000
Repayments of notes payable - non-related parties (145,932) 0
Proceeds from convertible debenture payable 0 2,500,000
Debt issuance costs 0 (275,000)
Net cash provided by financing activities 10,630,423 4,230,000
Net Change In Cash 6,366,409 1,952,391
Cash At The Beginning Of The Period 882,268 232,842
Cash At The End Of The Period 7,248,677 2,185,233
Schedule Of Non-Cash Investing And Financing Activities:    
Deemed dividends related to underwritten public offering warrants down round provision (5,005,857)  
Deemed dividends related to Original Warrants and New Warrant down round provision (3,495,583) 0
Derecognition of convertible debenture 3,048,781 0
Reacquisition value of convertible debenture (3,912,781) 0
Shares issued for prepaid services (719,000) 0
Financing of prepaid insurance (274,589) 0
Non-related party debt converted to capital 47,500 0
Reclassification of common shares from reverse stock split 155 0
Reclassification of elective shareholder conversion of common shares to preferred shares 30 0
Relative fair value of stock warrants granted 0 1,939,756
Intrinsic value-beneficial conversion feature 0 909,214
Fair value of embedded conversion feature 0 980,000
Convertible debenture payable discount 0 823,781
Issuance of common stock for prior year accrued dividends 0 107,880
Issuance of common stock for rent   49,600
Supplemental Disclosure:    
Cash paid for interest 15,986 67,618
Cash paid for income taxes $ 0 $ 0

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