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 ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities:    
Net loss $ (2,505,921) $ (2,601,692)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of intangible assets 96,366 96,366
Amortization of debt discounts 149,295 156,242
Non-cash lease expense 21,850 0
Non-cash interest expense 80,784 0
Non-cash conversion expense 585,875 0
Bad debt expense 202 882
Stock-based compensation expense 214,398 698,913
Changes in assets and liabilities:    
Accounts receivable (47) (648)
Inventory 22,179 (34,239)
Prepaid expenses 14,808 162,477
Other assets (15,300) 0
Accounts payable 107,073 198,159
Accrued expenses (204,486) (87,986)
Accrued interest payable 2,171 (177,927)
Operating lease liabilities (23,144) 0
Net cash used in operating activities (1,453,897) (1,589,453)
Financing Activities:    
Proceeds from notes payable - non-related parties 0 3,000,001
Repayments of notes payable - non-related parties 0 (611,792)
Repayments of notes payable - related parties 0 (550,000)
Debt issuance costs 0 (537,750)
Net cash provided by financing activities 0 1,300,459
Net Change In Cash (1,453,897) (288,994)
Cash At The Beginning Of The Period 2,790,147 8,578,997
Cash At The End Of The Period 1,336,250 8,290,003
Schedule Of Non-Cash Investing And Financing Activities:    
Non-related party debt converted to capital 853,680 0
Financing of prepaid insurance premiums 37,649 0
Deemed dividends related to Convertible Debt Warrants down round provisions $ 23,270 $ 0
Deemed dividends related to PIPE Warrants down round provision $ 42,539 $ 0
Deemed dividends related to Original Warrants and New Warrants down round provisions $ 1,455,805 $ 0
Issuance of common stock and warrants for prepaid services 0 373,981
Supplemental Disclosure:    
Cash paid for interest 266 245,822
Cash paid for income taxes $ 0 $ 0