Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows From Operating Activities    
Net loss $ (200,477) $ (145,392)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 86,571
Depreciation and amortization 132,089 95,954
Loss on disposal of asset 224,037
Change of ROU and lease liabilities 23,021 23,653
Net change in fair value of marketable securities 10,576
Changes in operating assets and liabilities:    
Accounts receivable (212,908)
Inventories (1,515,118) (259,465)
Prepaid expenses and other current assets (684,813) (1,104)
Accounts payable 888,465 2,973
Accrued liabilities 349,269 (85,301)
Contract liabilities 155,853 78,153
Net cash used in operating activities (743,435) (290,529)
Cash Flows From Investing Activities    
Net purchases of investment in trading marketable securities (6,101,461)
Purchase of property and equipment (1,221,826) (177,045)
Net cash used in investing activities (7,323,287) (177,045)
Cash Flows From Financing Activities    
Net proceeds from issuance of common stock 15,852,037
Proceeds from Paycheck Protection Program loan 608,224 609,500
Proceeds from EIDL loan 499,900
Advances from related parties 33,129 117,406
Repayment to related parties (339,576) (647,744)
Finance lease payments (60,600)
Net cash provided by financing activities 16,153,814 518,462
Net change in cash and cash equivalents 8,087,092 50,888
Cash at beginning of period 891,816 215,574
Cash and cash equivalents at end of period 8,978,908 266,462
Supplemental Cash Flow Information    
Cash paid for income taxes
Cash paid for interest 118,906 77,904
Non Cash Investing and Financing Activities    
Increase in the right-of-use asset and lease liability $ 655,726 $ 1,586,738