v3.23.3
Condensed Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows From:    
Net Loss $ (4,535,100) $ (2,209,238)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Depreciation & Amortization 134,408 37,816
Change in ROU Lease Asset 64,869
Change in Fair Value of Marketable Securities, Available for Sale (31,426)
Non-Cash Charge for Stock Based Compensation 1,015,087 158,705
Loss on Disposal of Assets 31,582
Change in Operating Assets & Liabilities:    
Inventory (777,831)
Prepaid Assets 394,739 (358,208)
Accounts Payable (60,515) 26,151
Accrued Expenses (18,869) (23,438)
Contract Liabilities 500 4,900
ROU Lease Liability (63,853)
Net Cash Used In Operating Activities (3,877,991) (2,331,730)
INVESTING ACTIVITIES    
Purchase of Property & Equipment (328,534) (465,086)
Net Purchase of Marketable Securities, Available for Sale (9,841,346)
Realized Gains on Marketable Securities, Available for Sale (23,747)
Net Cash Used In Investing Activities (10,193,627) (465,086)
FINANCING ACTIVITIES    
Proceeds from Sale of Common Stock 6,996,015 15,231,350
Deferred Offering Costs (66,463) (296,361)
Capital Contributions from Twin Vee 500,000
Finance Lease Liabilities (11,844)
Due to Twin Vee (755,299) (890,198)
Due from Twin Vee 580,830 389,446
Net Cash Provided by Financing Activities 6,743,239 14,934,237
Net Cash Flow for Period (7,328,379) 12,137,421
Cash & Cash Equivalents - Beginning of Period 12,767,199 1,803,285
Cash & Cash Equivalents - End of Period 5,438,820 13,940,706
Cash Paid During the Period for:    
Income Taxes
Interest 2,928 1,970
Non Cash Investing and Financing Activities    
Finance Leases $ 92,405

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