Consolidated Statements of Cash Flows (Unaudited) - USD ($)
|
3 Months Ended |
9 Months Ended |
12 Months Ended |
Sep. 30, 2023 |
Mar. 31, 2023 |
Sep. 30, 2022 |
Mar. 31, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
Dec. 31, 2022 |
| Operating activities |
|
|
|
|
|
|
|
| Net loss |
$ (2,226,738)
|
$ (2,348,771)
|
$ (4,076,409)
|
$ (3,266,510)
|
$ (7,044,320)
|
$ (11,215,589)
|
|
| Adjustments to reconcile net loss to net cash used in operations |
|
|
|
|
|
|
|
| Depreciation and amortization |
278,442
|
|
226,724
|
|
829,137
|
1,171,638
|
|
| Amortization of bond premium and realized loss on investments in debt securities |
|
|
|
|
34,556
|
36,760
|
|
| Amortization of operating lease - right-of-use asset |
|
|
|
|
167,181
|
105,470
|
|
| Amortization of debt discount |
|
|
|
|
755,457
|
|
|
| Bad debt expense |
1,086
|
|
2,040
|
|
83,564
|
16,938
|
|
| Warrants issued for services rendered |
|
|
|
|
|
|
|
| Stock issued for services |
|
|
|
|
200,592
|
1,145,472
|
|
| Stock issued for services - related parties |
|
|
|
|
488,697
|
|
|
| (Increase) decrease in |
|
|
|
|
|
|
|
| Accounts Receivable |
|
|
|
|
(643,005)
|
(575,119)
|
|
| Inventory |
|
|
|
|
(32,023)
|
(91,205)
|
|
| Prepaids and other |
|
|
|
|
(28,578)
|
(78,947)
|
|
| Deposits |
|
|
|
|
(280)
|
|
|
| Increase (decrease) in |
|
|
|
|
|
|
|
| Accounts payable and accrued expenses |
|
|
|
|
(114,855)
|
472,581
|
|
| Accounts payable and accrued expenses - related party |
|
|
|
|
31,815
|
|
|
| Operating lease liability |
|
|
|
|
(167,605)
|
28,115
|
|
| Net cash used in operating activities |
|
|
|
|
(5,439,667)
|
(8,983,886)
|
|
| Investing activities |
|
|
|
|
|
|
|
| Proceeds from sale of marketable debt securities |
|
|
|
|
2,130,116
|
831,716
|
|
| Acquisition of business |
|
|
|
|
|
(321,250)
|
|
| Purchase of fixed assets - net of refunds on prior purchases |
|
|
|
|
19,498
|
(3,242,162)
|
|
| Net cash used provided by (used in) investing activities |
|
|
|
|
2,149,614
|
(2,731,696)
|
|
| Financing activities |
|
|
|
|
|
|
|
| Proceeds from line of credit |
|
|
|
|
|
1,000,000
|
|
| Proceeds from notes payable |
|
|
|
|
250,000
|
2,187,122
|
|
| Proceeds from notes payable - related party |
|
|
|
|
3,321,100
|
|
|
| Proceeds from stock issued for cash |
|
|
|
|
25,308
|
|
|
| Cash paid for direct offering costs |
|
|
|
|
(25,308)
|
|
|
| Repayments on line of credit |
|
|
|
|
(1,000,000)
|
|
|
| Repayments on notes payable |
|
|
|
|
(680,110)
|
|
|
| Repayments on loan payable - related party |
|
|
|
|
(262,500)
|
(455,209)
|
|
| Net cash provided by financing activities |
|
|
|
|
1,628,490
|
2,731,913
|
|
| Net decrease in cash |
|
|
|
|
(1,661,563)
|
(8,983,669)
|
|
| Cash - beginning of period |
|
$ 2,066,793
|
|
$ 13,561,266
|
2,066,793
|
13,561,266
|
$ 13,561,266
|
| Cash - end of period |
$ 405,230
|
|
$ 4,577,597
|
|
405,230
|
4,577,597
|
$ 2,066,793
|
| Supplemental disclosure of cash flow information |
|
|
|
|
|
|
|
| Cash paid for interest |
|
|
|
|
73,262
|
64,666
|
|
| Cash paid for income tax |
|
|
|
|
|
|
|
| Supplemental disclosure of non-cash investing and financing activities |
|
|
|
|
|
|
|
| Debt discount |
|
|
|
|
990,250
|
|
|
| Realized gains on sale of investments in debt securities - elimination of AOCL |
|
|
|
|
44,590
|
|
|
| Adjust note balance for actual borrowings |
|
|
|
|
$ 24,664
|
|
|
