Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

v3.24.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract    
Net loss $ (9,954,020) $ (7,189,350)
us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract    
Depreciation, Depletion and Amortization 271,746 187,077
Amortization of right of use asset 62,150 58,452
Write-off of long-lived assets 0 937
Stock-based compensation 2,321,380 975,801
Issuance of Stock and Warrants for Services or Claims 0 100,100
Accounts receivable (4,064) 167,326
Inventory (81,450) 0
Accounts payable 274,595 3
Accrued expenses and other liabilities 36,052 (177,931)
Lease liability (64,597) (58,864)
Net cash used in operating activities (7,131,578) (6,383,914)
Prepaid expenses and other assets 6,630 (447,465)
Issuance of Stock and Warrants for Services or Claims 0 100,100
us-gaap_IncreaseDecreaseInInventories 81,450 (0)
us-gaap_PaymentsToAcquireIntangibleAssets 282,121 130,089
Purchase of property and equipment (240,825) (182,651)
Net cash used in investing activities (522,946) (312,740)
Cash flows from financing activities: (216,264) (127,872)
Payment of taxes on vesting of restricted stock units (216,264) (127,872)
Net decrease in cash and cash equivalents (7,870,788) (6,824,526)
Cash and cash equivalents at beginning of period 16,345,623 23,170,149
Cash and cash equivalents at end of period $ 8,474,835 $ 16,345,623