Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities:    
Net loss $ (5,475,650) $ (5,758,065)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of intangible assets 192,732 192,732
Amortization of interest - conversion features 0 709,121
Amortization of interest 103,445 423,782
(Gain) loss on extinguishment of debt 26,125 (245,105)
Change in fair value of derivative liability 0 (1,040,000)
Stock warrants expense 182,901 655,346
Stock-based compensation expense 1,326,675 1,678,063
Non-cash interest expense 29,638 0
Non-cash lease expense 13,747 0
Bad debt expense 1,132 0
Changes in assets and liabilities:    
Accounts receivable (1,938) (1,250)
Inventory (47,867) (132,849)
Prepaid expenses 398,521 (243,952)
Other assets (15,931) (3,151)
Accounts payable 341,425 (20,109)
Accrued expenses 1,185 1,011,586
Accrued interest payable (324,083) 113,451
Related party payables 0 (60,976)
Operating lease liabilities (14,699) 0
Net cash used in operating activities (3,262,642) (2,721,376)
Financing Activities:    
Proceeds from notes payable - non-related parties 3,000,001 0
Repayments of notes payable - non-related parties (1,102,627) (55,083)
Repayments of notes payable - related parties (1,000,000) 0
Debt issuance costs (537,750) 0
Proceeds from public equity offering 0 10,004,245
Cost of public equity offering 0 (1,309,882)
Repayments of convertible debenture payable 0 (3,048,781)
Net cash provided by financing activities 359,624 5,590,499
Net Change In Cash (2,903,018) 2,869,123
Cash At The Beginning Of The Period 8,578,997 882,268
Cash At The End Of The Period 5,675,979 3,751,391
Schedule Of Non-Cash Investing And Financing Activities:    
Issuance of common stock and warrants for prepaid services 373,981 0
Non-related party debt converted to capital 341,998 47,500
Operating lease right-of-use assets and liabilities 330,707 0
Financing of prepaid insurance premiums 293,882 (274,589)
Conversion of preferred stock to common stock 30 0
Conversion of common stock to preferred stock 0 30
Derecognition of convertible debenture 0 3,048,781
Reacquisition value of convertible debenture 0 (3,912,781)
Fair value of shares issued for services 0 (719,000)
Reclassification of common shares from reverse stock split 0 155
Supplemental Disclosure:    
Cash paid for interest 439,280 10,379
Cash paid for income taxes $ 0 $ 0