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Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows From Operating Activities    
Net loss $ (3,999,391) $ (3,488,786)
Adjustments to reconcile net loss:    
Depreciation 119,752 83,926
Impairment of property & equipment 1,674,000 0
Stock based compensation 476,956 682,980
Change of right-of-use asset 44,783 43,033
Change in inventory reserve 289,072 0
Inventories (68,688) (521,960)
Prepaid expenses and other current assets (5) 360,927
Accounts payable 416,826 (19,910)
Accrued liabilities (434,567) 18,777
Operating lease liabilities (45,459) (42,356)
Contract liabilities - customer deposits 475 500
Net cash used in operating activities (1,526,246) (2,882,869)
Cash Flows From Investing Activities    
Net redemptions of investment in available for sale securities 3,000,000 0
Realized gain on sale of marketable securities (18,280) 0
Purchase of property and equipment (2,858,227) (224,088)
Net cash provided by (used in) investing activities 123,493 (224,088)
Cash Flows From Financing Activities    
Proceeds from issuance of common stock 0 6,996,015
Deferred offering costs 0 (66,463)
Repayments of finance lease (9,667) (7,666)
Repayments of advances from affiliates (393,969) (409,505)
Advances from affiliates 173,737 343,697
Net cash (used in) provided by financing activities (229,899) 6,856,078
Net change in cash and cash equivalents (1,632,652) 3,749,121
Cash and cash equivalents at beginning of period 9,821,531 12,767,199
Cash and cash equivalents at end of period 8,188,879 16,516,320
Supplemental Cash Flow Information    
Cash paid for interest 3,938 1,784
Non Cash Investing and Financing Activities    
Right of use asset - finance leases $ 31,572 $ 92,405

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