Six Months Ended

June 30, 2023

June 30, 2022

OPERATING ACTIVITIES

Net Loss

$

(3,059,794

)

$

(4,454,565

)

Adjustments to reconcile Net Loss to Net Cash used in operating activities:

Noncash Expenses:

Depreciation and Amortization

49,597

61,445

Stock Based Compensation - Employees

363,339

338,415

Stock Based Compensation - Third Party Services

(489

)

23,490

Stock Based Compensation - Directors

13,523

43,442

Change in assets and liabilities:

Accounts Receivable

326,166

120,434

Inventory

10,909

(73,586

)

Prepaid Assets

(31,879

)

(17,197

)

Accounts Payable

23,070

33,958

Deferred Revenue

7,115

(18,151

)

Accrued Expenses

(116,438

)

(372,188

)

NET CASH USED IN OPERATING ACTIVITIES

(2,414,881

)

(4,314,503

)

INVESTING ACTIVITIES

Purchase of Property and Equipment

42,516

(83,848

)

Purchase of Intangible Assets

(105,123

)

(115,197

)

NET CASH USED IN INVESTING ACTIVITIES

(62,607

)

(199,045

)

FINANCING ACTIVITIES

NET CASH PROVIDED BY FINANCING ACTIVITIES

-

-

NET CHANGE IN CASH FOR PERIOD

(2,477,488

)

(4,513,548

)

CASH AT BEGINNING OF PERIOD

2,845,931

11,447,047

CASH AT END OF PERIOD

$

368,443

$

6,933,499

Supplemental Disclosures:

Noncash investing and financing activities disclosure:

Preferred Stock Dividends

$

22,435

$

28,440

Conversion of Preferred Shares to Common Shares

$

188,830

$

-

Other noncash operating activities disclosure:

Issuance of Securities for Services

$

13,034

$

66,932

Disclosure of cash paid for:

Interest

$

6,471

$

3,389

Income Taxes

$

-

$

-