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, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,928,771) $ (5,442,998)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 45,665 4,944
Amortization of debt discount to interest expense 527,219
Stock-based compensation 1,021,126 3,953,672
Stock-based professional fees 124,050 261,467
Bad debt expense 7,716 35,000
Non-cash loss on debt extinguishment 231,395
Lease costs 749 (444)
Change in operating assets and liabilities:    
Accounts receivable (80,545) (23,729)
Inventory 20,285 3,128
Prepaid expenses and other assets 20,343 7,724
Contract assets 82,805
Due from related party (7,041)
Accounts payable 102 70,436
Accrued expenses 77,335 36,378
Accrued compensation 34,276 309,500
Contract liabilities 16,876
NET CASH USED IN OPERATING ACTIVITIES (799,374) (791,963)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of series C preferred stock 250,000
Proceeds from note payable - related party 250,000  
Proceeds from convertible notes payable 148,420  
Proceeds from note payable 175,000 500,000
Repayment of notes payable (49,396)
NET CASH PROVIDED BY FINANCING ACTIVITIES 524,024 750,000
NET DECREASE IN CASH (275,350) (41,963)
CASH, beginning of period 519,898 323,407
CASH, end of period 244,548 281,444
Cash paid for:    
Interest 8,354 1,371
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued as prepaid for services 102,000 79,800
Common stock issued for accrued compensation 40,626
Series B preferred stock issued for accrued compensation 278,654 295,000
Common stock issued for accounts payable 2,174 117,838
Preferred stock dividend accrued 27,925 21,816
Deemed dividend related to ratchet provision 3,702  
Deemed dividend related to beneficial conversion feature of Series C preferred shares 2,845,238
Increase in debt discount and paid-in capital for shares issued with convertible debt 45,699
Increase in debt discount and paid-in capital for warrants issued with convertible debt 325,785  
Increase in debt discount and paid-in capital for beneficial conversion feature on convertible debt 469,899  
Conversion of series C preferred stock to common stock $ 114,000