v3.22.2.2
Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (3,594,635) $ (2,110,843)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 89,051 70,343
Write-off of capitalized patents 0 528
Stock-based compensation 462,238 153,644
Stock issued for services 100,100 68,680
Gain on forgiveness of long-term debt 0 (91,407)
Decrease (increase) in operating assets:    
Accounts receivable 86,100 37,916
Prepaid expenses and other assets (189,265) (57,663)
Increase (decrease) in operating liabilities:    
Accounts payable (112,736) 57,123
Accrued expenses and other liabilities 77,630 70,584
Net cash used in operating activities (3,081,517) (1,801,095)
Cash flows from investing activities:    
Purchase of property and equipment (12,248) (32,919)
Acquisition of intangible assets (55,672) (112,100)
Net cash used in investing activities (67,920) (145,019)
Cash flows from financing activities:    
Net proceeds from issuance of common stock 0 21,204,609
Exercise of options and warrants 0 3,301,226
Net cash provided by financing activities 0 24,505,835
Net increase (decrease) in cash and cash equivalents (3,149,437) 22,559,721
Cash and cash equivalents at beginning of period 23,170,149 3,157,256
Cash and cash equivalents at end of period $ 20,020,712 $ 25,716,977

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