Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows

v3.22.2.2
Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (5,298,405) $ (3,349,521)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 134,557 113,607
Write-off of capitalized patents $ 0 $ 528
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration] General and Administrative Expense General and Administrative Expense
Stock-based compensation $ 696,127 $ 247,512
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 183,934 (92,240)
Prepaid expenses and other assets (360,847) 105,687
Increase (decrease) in operating liabilities:    
Accounts payable (110,657) (44,629)
Accrued expenses and other liabilities 142,458 49,040
Net cash used in operating activities (4,512,733) (2,992,743)
Cash flows from investing activities:    
Purchase of property and equipment (118,239) (43,685)
Acquisition of intangible assets (88,640) (139,116)
Net cash used in investing activities (206,879) (182,801)
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 (4,719,612) 21,330,291
Cash and cash equivalents at beginning of period 23,170,149 3,157,256
Cash and cash equivalents at end of period $ 18,450,537 $ 24,487,547