v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities:    
Net loss $ (5,758,065) $ (2,545,151)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization 192,732 192,732
Amortization of interest - conversion features 709,121 91,543
Amortization of interest 423,782 111,655
Gain on extinguishment of debt (245,105) 0
Change in fair value of derivative liability (1,040,000) 0
Stock warrants expense 655,346 0
Stock options expense 926,456 140,726
Stock-based compensation expense 751,607 187,065
Changes in assets and liabilities:    
Accounts Receivable (1,250) 0
Inventory (132,849) 0
Prepaid expenses (243,952) 13,517
Other assets (3,151) 0
Accounts payable (20,109) 114,809
Accrued expenses 1,011,586 (13,344)
Accrued interest payable 113,451 (217)
Related party payables (66,976) (10,120)
Stock subscriptions payable 0 (88,469)
Net cash used in operating activities (2,721,376) (1,628,316)
Financing Activities:    
Proceeds from public equity offering 10,004,245 0
Cost of public equity offering (1,309,882) 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 (55,083) 0
Net cash provided by financing activities 5,590,499 2,005,000
Net Change In Cash 2,869,123 376,684
Cash At The Beginning Of The Period 882,268 232,842
Cash At The End Of The Period 3,751,391 609,526
Schedule Of Non-Cash Investing And Financing Activities:    
Derecognition of convertible debenture 3,048,781 0
Reacquisition value of convertible debenture (3,912,781) 0
Fair value of shares issued for services 719,000 0
Financing of 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 1,092,708
Intrinsic value-beneficial conversion feature 0 909,214
Issuance of common stock for prior year accrued dividends 0 107,880
Issuance of common stock for rent 0 49,600
Supplemental Disclosure:    
Cash paid for interest 10,379 62,491
Cash paid for income taxes $ 0 $ 0

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