Balance Sheet

v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 3,721,024 $ 2,361,059
Accounts receivable, net 1,939,676 1,010,554
Inventories, net 1,408,442 825,559
Contract assets 27,579 266,014
Prepaid expenses 316,754 735,092
Total current assets 7,413,475 5,198,278
Property and equipment, net 137,879 84,201
Other assets:    
Deposits 4,595 7,595
Operating lease right of use assets 474,831 570,512
Total other assets 479,426 578,107
Total Assets 8,030,780 5,860,586
Current liabilities:    
Accounts payable 628,604 1,865,535
Accrued liabilities 898,538 718,721
Line of credit 0 403,089
Contract liabilities - current 940,056 800,965
Lease Liabilities - current 153,276 195,176
Income taxes payable 3,599 5,431
Total current liabilities 2,624,073 3,988,917
Long-term liabilities:    
Lease liabilities 391,680 459,668
Contract liabilities - long term 79,301 140,265
Accrued royalties - long-term 255,000 360,000
Total long-term liabilities 725,981 959,933
Total liabilities 3,350,054 4,948,850
Stockholders’ Equity    
Common Stock, par value $.001 per share; 475,000,000 shares authorized; 299,212,282 and 136,311,335 shares issued and outstanding at  September 30, 2022 and December 31, 2021, respectively. 299,212 136,311
Additional paid-in-capital 132,583,520 127,740,976
Accumulated deficit (129,874,830) (128,668,176)
Total stockholders’ equity 4,680,726 911,736
Total Liabilities and Stockholders’ Equity 8,030,780 5,860,586
Series A Preferred Stock [Member]    
Stockholders’ Equity    
Preferred Stock, Value, Issued 1,310,765 1,340,566
Series B Preferred Stock [Member]    
Stockholders’ Equity    
Preferred Stock, Value, Issued $ 362,059 $ 362,059

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