Cash Flow

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities:    
Net loss $ (1,206,654) $ (55,616)
Adjustments to reconcile net loss to cash used in operating activities:    
Stock-based compensation expense related to employee stock options 5,445 5,446
Depreciation and amortization 31,129 33,935
Loss / (gain) on fixed asset disposal 526 0
Noncash operating lease expense (ROU) 95,681 172,161
Gain on debt extinguishment 0 (1,836,780)
Changes in operating assets and liabilities:    
Accounts receivable, net (929,122) 6,758
Inventories, net (582,883) 533,648
Prepaid expenses 418,338 (474,370)
Deposits 3,000 0
Accounts payable (1,236,931) 84,733
Accrued royalties - long-term (105,000) (105,000)
Accrued liabilities 179,817 235,124
Contract liabilities 78,127 232,825
Contract assets 238,435 (76,772)
Operating lease liabilities (109,888) (180,134)
Accrued income tax payable (1,832) 7,509
Income taxes receivable 0 105,745
Net Cash Used In Operating Activities (3,121,812) (1,310,788)
Cash Flows From Investing Activities:    
Payments for Property & Equipment (86,633) 0
Proceeds from sale of fixed assets 1,300 0
Net Cash Used in Investing Activities (85,333) 0
Cash Flows From Financing Activities:    
Proceeds from Note Payable 0 913,063
 Proceeds from stock and warrants issued in VDA Transaction 5,000,000 0
Repurchase of employee-owned Class A shares (29,801) 0
 Proceeds from line of credit 4,434,152 5,357,000
Payments on line of credit (4,837,241) (5,357,996)
Net Cash Provided By Financing Activities 4,567,110 912,067
Net increase/(decrease) in cash and cash equivalents 1,359,965 (398,721)
Cash and cash equivalents at the beginning of the period 2,361,059 3,011,811
Cash and cash equivalents at the end of the period 3,721,024 2,613,090
Cash transactions:    
Cash paid during the period for interest $ 21,940 $ 18,643

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