v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net loss $ (6,424,505) $ (7,673,030)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of intangible assets 289,098 289,098
Amortization of debt discounts 237,250 417,647
Loss on extinguishment of debt 0 26,125
Non-cash lease expense 67,315 34,714
Non-cash interest expense 336,510 29,638
Non-cash conversion expense 585,875 0
Bad debt expense 202 1,132
Stock-based compensation expense 584,551 1,836,674
Changes in assets and liabilities:    
Accounts receivable (20,573) 3,456
Inventory 72,798 (51,721)
Prepaid expenses 86,566 571,129
Other assets (21,534) (18,411)
Accounts payable (200,355) 106,054
Accrued expenses (306,941) 13,171
Accrued interest payable (126,086) (281,079)
Related party payables 0 (1,887)
Operating lease liabilities (71,199) (7,728)
Net cash used in operating activities (4,911,028) (4,705,018)
Financing activities:    
Proceeds from notes payable - non-related parties 0 3,000,001
Repayments of notes payable - non-related parties 0 (1,211,661)
Repayments of notes payable - related parties 0 (1,000,000)
Debt issuance costs 0 (537,750)
Proceeds from exercise of stock warrants 2,786,174 0
Payment of transactional costs for exercise of warrants (360,756) 0
Net cash provided by financing activities 2,425,418 250,590
Net Change In Cash (2,485,610) (4,454,428)
Cash At The Beginning Of The Period 2,790,147 8,578,997
Cash At The End Of The Period 304,537 4,124,569
Schedule Of Non-Cash Investing And Financing Activities:    
Issuance of common stock and warrants for prepaid services 0 373,981
Non-related party debt converted to capital 2,879,279 341,998
Operating lease right-of-use assets and liabilities 0 330,707
Financing of prepaid insurance premiums (161,896) 293,882
Deemed dividends related to Convertible Debt Warrants down round provision 23,270 0
Deemed dividends related to PIPE Warrants down round provision 46,875 0
Deemed dividends related to Original Warrants and New Warrants down round provision 1,455,805 0
Warrant inducement (transactional costs incurred but not paid) 341,297 0
Conversion of preferred stock to common stock 0 30
Supplemental Disclosure:    
Cash paid for interest 266 446,069
Cash paid for income taxes $ 0 $ 0

Source

PDF HTML
10-Q Filing
ZIP XLS HTML
XBRL