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, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (307,648) $ (723,087)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 24,507 20,850
Amortization of debt discount to interest expense 3,789 63,916
Interest expense for put premium on convertible notes 29,212
Stock-based compensation 376,968 12,137
Stock-based professional fees 40,667
Non-cash gain on debt extinguishment (347,990)
Lease costs 732 495
Bad debt expense 29,984
Change in operating assets and liabilities:    
Accounts receivable (113,309) 70,754
Inventory 79,912 18,100
Prepaid expenses and other assets (241,180) (19,639)
Contract assets (6,089) 279
Accounts payable (7,417) 48,693
Accrued expenses 48,015 123,124
Accrued interest - related party 2,466
Accrued compensation (32,561) 34,317
Contract liabilities (158,949) (13,255)
NET CASH USED IN OPERATING ACTIVITIES (651,236) (290,971)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of common stock 275,000
Proceeds from notes payable 174,000
Repayment of notes payable (16,362) (48,136)
Proceeds from convertible notes payable 50,000
Repayment of convertible notes payable (45,000)
NET CASH PROVIDED BY FINANCING ACTIVITIES 112,638 276,864
NET DECREASE IN CASH (538,598) (14,107)
CASH, beginning of period 736,461 97,091
CASH, end of period 197,863 82,984
Cash paid for:    
Interest 8,246 33,795
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued as prepaid for services 40,000
Common stock issued for accrued compensation 78,000
Series B preferred stock issued for accrued compensation 312,000 144,000
Preferred stock dividend accrued 14,349 13,687
Conversion of Series C preferred stock to common stock 40,000 101,400
Reclassification of Series B preferred stock and common stock to additional paid-in capital $ 132,890