Consolidated Statements of Cash Flows (Unaudited) - USD ($)
|
3 Months Ended |
6 Months Ended |
12 Months Ended |
Jun. 30, 2023 |
Mar. 31, 2023 |
Jun. 30, 2022 |
Mar. 31, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
| Operating activities |
|
|
|
|
|
|
|
| Net loss |
$ (2,468,811)
|
$ (2,348,771)
|
$ (3,872,670)
|
$ (3,266,510)
|
$ (4,817,582)
|
$ (7,139,180)
|
|
| Adjustments to reconcile net loss to net cash used in operations |
|
|
|
|
|
|
|
| Depreciation and amortization |
277,608
|
|
458,811
|
|
550,695
|
796,476
|
|
| Amortization of bond premium and realized loss on investments in debt securities |
|
|
|
|
34,556
|
26,072
|
|
| Amortization of operating lease - right-of-use asset |
|
|
|
|
110,757
|
105,470
|
|
| Amortization of debt discount |
|
|
|
|
231,039
|
|
|
| Bad debt expense |
79,357
|
|
10,888
|
|
82,478
|
14,898
|
|
| Stock issued for services |
|
|
|
|
14,069
|
493,274
|
|
| Stock issued for services - related parties |
|
|
|
|
516,842
|
379,472
|
|
| (Increase) decrease in |
|
|
|
|
|
|
|
| Accounts Receivable |
|
|
|
|
(319,900)
|
(734,954)
|
|
| Inventory |
|
|
|
|
20,907
|
(119,813)
|
|
| Prepaids and other |
|
|
|
|
65,795
|
(478,812)
|
|
| Deposits |
|
|
|
|
(281)
|
|
|
| Increase (decrease) in |
|
|
|
|
|
|
|
| Accounts payable and accrued expenses |
|
|
|
|
(282,166)
|
702,289
|
|
| Operating lease liability |
|
|
|
|
(105,978)
|
(73,479)
|
|
| Net cash used in operating activities |
|
|
|
|
(3,898,769)
|
(6,028,287)
|
|
| Investing activities |
|
|
|
|
|
|
|
| Proceeds from sale of marketable debt securities |
|
|
|
|
2,130,116
|
501,716
|
|
| Acquisition of business |
|
|
|
|
|
(321,249)
|
|
| Purchase of fixed assets - net of refunds on prior purchases |
|
|
|
|
19,498
|
(3,020,706)
|
|
| Net cash used provided by (used in) investing activities |
|
|
|
|
2,149,614
|
(2,840,239)
|
|
| Financing activities |
|
|
|
|
|
|
|
| Proceeds from line of credit |
|
|
|
|
|
850,000
|
|
| Proceeds from loans payable |
|
|
|
|
1,460,000
|
2,118,840
|
|
| Proceeds from loan payable - related party |
|
|
|
|
250,000
|
|
|
| Proceeds from stock issued for cash |
|
|
|
|
25,308
|
|
|
| Cash paid for direct offering costs |
|
|
|
|
(25,308)
|
|
|
| Repayments on loans payable |
|
|
|
|
(405,802)
|
|
|
| Repayments on loan payable - related party |
|
|
|
|
(262,500)
|
(266,688)
|
|
| Net cash provided by financing activities |
|
|
|
|
1,041,695
|
2,702,152
|
|
| Net decrease in cash |
|
|
|
|
(707,460)
|
(6,166,374)
|
|
| Cash - beginning of period |
|
$ 2,066,793
|
|
$ 13,561,266
|
2,066,793
|
13,561,266
|
$ 13,561,266
|
| Cash - end of period |
$ 1,359,333
|
|
$ 7,394,892
|
|
1,359,333
|
7,394,892
|
$ 2,066,793
|
| Supplemental disclosure of cash flow information |
|
|
|
|
|
|
|
| Cash paid for interest |
|
|
|
|
99,427
|
34,945
|
|
| Cash paid for income tax |
|
|
|
|
|
|
|
| Supplemental disclosure of non-cash investing and financing activities |
|
|
|
|
|
|
|
| Debt discount |
|
|
|
|
583,750
|
|
|
| Adjust note balance for actual borrowings |
|
|
|
|
$ 280,664
|
|
|
