Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows

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Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (4,807,791) $ (3,594,635)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 121,423 89,051
Stock-based compensation 1,233,207 462,238
Stock issued for services 0 100,100
Decrease (increase) in operating assets:    
Accounts receivable (137,388) 86,100
Prepaid expenses and other assets (18,475) (189,265)
Increase (decrease) in operating liabilities:    
Accounts payable (18,493) (112,736)
Accrued expenses and other liabilities 219,025 77,630
Net cash used in operating activities (3,408,492) (3,081,517)
Cash flows from investing activities:    
Purchase of property and equipment (114,025) (12,248)
Acquisition of intangible assets (139,838) (55,672)
Net cash used in investing activities (253,863) (67,920)
Net decrease in cash and cash equivalents (3,662,355) (3,149,437)
Cash and cash equivalents at beginning of period 16,345,623 23,170,149
Cash and cash equivalents at end of period $ 12,683,268 $ 20,020,712