Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (723,087) $ (1,919,419)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 20,850 22,910
Amortization of debt discount to interest expense 63,916 207,727
Interest expense for put premium on convertible notes 29,212
Stock-based compensation 12,137 1,014,508
Stock-based professional fees 40,667 111,800
Non-cash gain on debt extinguishment and inducement expense (2,925)
Lease costs 495 (723)
Change in operating assets and liabilities:    
Accounts receivable 70,754 (134,598)
Inventory 18,100 19,853
Prepaid expenses and other assets (19,639) 325
Contract assets 279 80,265
Accounts payable 48,693 23,816
Accrued expenses 123,124 25,482
Accrued interest - related party 2,466
Accrued compensation 34,317 11,583
Contract liabilities (13,255) 35,627
NET CASH USED IN OPERATING ACTIVITIES (290,971) (503,769)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of common stock 275,000
Proceeds from note payable 175,000
Repayment of notes payable (48,136) (21,019)
Proceeds from convertible notes payable 50,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 276,864 153,981
NET DECREASE IN CASH (14,107) (349,788)
CASH, beginning of period 97,091 519,898
CASH, end of period 82,984 170,110
Cash paid for:    
Interest 33,795 4,754
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued as prepaid services 40,000
Common stock issued for accrued compensation 78,000
Series B preferred stock issued for accrued compensation 144,000 278,654
Preferred stock series B and C dividends accrued 13,687 14,005
Increase in debt discount and paid-in capital for shares issued with convertible debt 12,963
Conversion of series C preferred stock to common stock 101,400 12,000
Common stock issued for accounts payable $ 2,174