v3.22.1
Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (1,904,641) $ (924,150)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 44,190 29,515
Stock-based compensation 231,765 61,933
Stock issued for services 100,100 68,680
Decrease (increase) in operating assets:    
Accounts receivable (28,875) 44,400
Prepaid expenses and other assets (62,721) (17,715)
Increase (decrease) in operating liabilities:    
Accounts payable 249,533 5,306
Accrued expenses (46,474) (111,306)
Net cash used in operating activities (1,417,123) (843,337)
Cash flows from investing activities:    
Purchase of property and equipment (11,031) (1,462)
Acquisition of intangible assets (16,585) (29,275)
Net cash used in investing activities (27,616) (30,737)
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 (1,444,739) 23,631,761
Cash and cash equivalents at beginning of period 23,170,149 3,157,256
Cash and cash equivalents at end of period $ 21,725,410 $ 26,789,017

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