v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities:    
Net loss $ (8,714,487) $ (1,319,648)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 1,209,000 200,000
Depreciation and amortization 238,859 294,629
Bad debt 618
Lease liability amortization (4,756) 10,391
Gain on forgiveness of PPP loan (633,830)
Changes in operating assets and liabilities:    
Accounts receivable (787,318) 11,149
Accounts receivable - related party 437,471 175,769
Inventory (269,633) 149,207
Contract asset (60,932)
Prepaid expenses and other assets (1,585,247) (27,130)
Accounts payable and accrued liabilities (299,165) 162,254
Accounts payable and accrued liabilities - related party 10,939 394,924
Contract liability (2,479) 62,712
Net Cash used in Operating Activities (9,827,748) (518,955)
Cash Flows From Investing Activities:    
Purchase of property and equipment (1,425,623) (30,266)
Net Cash used in Investing Activities (1,425,623) (30,266)
Cash Flows From Financing Activities:    
Proceeds from issuance from common stock 3,060,809 2,694,335
Due to shareholder 89,872
Proceeds from notes payable 307,610
Repayment of notes payable (213,708) (16,266)
Payment of lease liabilities (148,019) (62,180)
Repayment of notes payable - related party (797,505) (250,000)
Net Cash provided by Financing Activities 1,901,577 2,763,371
Net change in cash (9,351,794) 2,214,150
Cash, beginning of period 13,710,845 20,162
Cash, end of period 4,359,051 2,234,312
Supplemental cash flow information    
Cash paid for interest 19,951 6,713
Cash paid for taxes
Non-cash Investing and Financing transactions:    
Debt forgiveness related party 1,624,755 3,392,294
Note payable - related party issued exchange with due to shareholder $ 4,000,000

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