v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows From: OPERATING ACTIVITIES    
Net Loss $ (6,176,217) $ (2,617,208)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Depreciation & Amortization 844,665 372,511
Change in ROU Lease Asset 355,519 286,271
Change in Fair Value of Marketable Securities, Available for Sale (45,585) 150,569
Non-Cash Charge for Stock Based Compensation 1,436,885 814,330
Loss on Disposal of Assets 49,990
Change in Operating Assets & Liabilities:    
Accounts Receivable (494,339) 3,527
Inventory (4,126,506) (2,593,469)
Prepaid Assets 332,142 (596,397)
Accounts Payable 1,568,127 726,795
Accrued Expenses (275,255) 81,498
Contract Liabilities 8,959 1,012,480
ROU Lease Liability (358,525) (275,278)
Net Cash Used In Operating Activities (6,930,130) (2,584,381)
INVESTING ACTIVITIES    
Purchase of Property & Equipment (2,413,119) (2,394,169)
Security Deposits (16,650)
Net (Purchases) Sales of Marketable Securities, Available for Sale (8,608,148) 3,002,592
Realized Gains on Marketable Securities, Available for Sale (23,747)
Proceeds from Sale of PP&E 80,000
Net Cash (Used In) Provided by Investing Activities (11,061,664) 688,423
FINANCING ACTIVITIES    
Proceeds from Sale of Common Stock 6,996,015 15,231,350
Deferred Offering Costs (66,463) (306,361)
Finance Lease Liabilities (37,214)
Advances to Parent 0 (28,771)
Net Cash Provided by Financing Activities 6,892,338 14,896,218
Net Cash Flow for Period (11,099,456) 13,000,260
Cash, Cash Equivalents, & Restricted Cash - Beginning of Period 23,501,007 6,975,302
Cash, Cash Equivalents, & Restricted Cash - End of Period 12,401,551 19,975,562
Cash Paid During the Period for:    
Income Taxes
Interest 113,523 121,284
Non Cash Investing and Financing Activities    
Finance Leases 2,948,991
Common Stock Issued for Payment on Behalf of Parent $ 52,400

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