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v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
|
6 Months Ended |
|
|
CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
Net Loss |
$ (1,072,639)
|
$ (1,073,583)
|
Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
Depreciation |
12,822
|
4,928
|
Stock based compensation expense |
6,724
|
8,400
|
Noncash lease expense |
31,640
|
29,376
|
Non-cash stock issued to Directors for loan |
|
48,996
|
Accrued interest added to note payable related and unrelated parties |
30,303
|
|
(Increase) decrease in accounts receivable, net |
(7,967)
|
155,474
|
Increase in inventories |
(516,991)
|
|
(Increase) decrease in prepaid expenses |
287,073
|
(460,009)
|
Decrease in deposits |
|
14,412
|
Decrease in accounts payable and accrued liabilities |
(162,098)
|
(16,806)
|
Decrease in tax refundable |
284,873
|
575,645
|
Decrease in operating lease liabilities |
(33,909)
|
(30,559)
|
Net cash used in operating activities |
(1,140,169)
|
(743,726)
|
CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
Purchases of property and equipment |
|
(68,928)
|
Net cash used in investing activities |
|
(68,928)
|
CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
Proceeds from sale of common stock and stock option exercise, net of costs |
|
1,393,140
|
Repurchase of Shares |
(11,662)
|
|
Proceeds from notes payable related and unrelated parties |
600,000
|
|
Net cash provided by financing activities |
588,338
|
1,393,140
|
Net Increase (Decrease) in Cash |
(551,831)
|
580,486
|
Cash at Beginning of Period |
1,277,492
|
1,223,770
|
Cash at End of Period |
725,661
|
1,804,256
|
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: |
|
|
Preferred Stock issued to directors for loan fees |
|
$ 48,996
|
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