General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
Cash Flows From Operating Activities:        
Net loss $ (2,607,534) $ (1,304,732) $ (2,043,108) $ (1,458,169)
Adjustments to reconcile net loss to net cash used in operating activities:        
Stock-based compensation 1,123,423 329,274 623,457 580,178
Write off of deferred offering costs and other     123,875
Depreciation and amortization 124,631 72,811 111,311 5,341
Changes in operating assets and liabilities:        
Contract assets 62,273 430,732 481,671 (214,882)
Accounts receivable (37,168) (184,418) (9,397) 690
Prepaid expenses and other current assets (1,693) 55,657 92,538 (145,026)
Deferred expenses 180,143 29,547 (73,536) (104,627)
Accounts payable and accrued expenses (67,843) 93,636 (30,959) (37,052)
Deferred revenue (230,447) (106,000) (51,931) 312,378
Total Adjustments 942,639 721,239 1,267,029 397,000
Net Cash Used In Operating Activities (1,664,895) (583,493) (776,079) (1,061,169)
Cash Flows From Investing Activities:        
Purchases of property and equipment (32,505) (610,487) (686,915) (367,005)
Cash acquired in reverse capitalization     2,483
Net Cash from Investing Activities (32,505) (610,487) (686,915) (364,522)
Cash Flows From Financing Activities:        
Proceeds from government loans     684,580
Payment of deferred loan costs     (4,560)
Payment of government loans     (4,714)
Proceeds from exercise of stock options     405,000
Proceed from sale of common stock, net of costs 4,599,055 2,445,603
Payment of offering costs related to sale of common stock     (16,129)
Payment of deferred offering costs     (39,740) (30,512)
Dividend to stockholders prior to reverse capitalization     (200,000)
Net Cash Provided By Financing Activities 4,834,162 868,727 1,040,566 2,198,962
Net Increase (Decrease) In Cash and Restricted Cash     (422,428) 773,271
Cash and Restricted Cash – Beginning Of Year 375,854 798,282 798,282 25,011
Cash and Restricted Cash – End Of Year     375,854 798,282
Cash and Restricted Cash Consisted of the Following:        
Cash 3,409,429 370,220 272,705 697,141
Restricted cash $ 103,188 $ 102,810 103,149 101,141
Cash paid during the quarter ended for:        
Interest     2,200
Supplemental information – Issuance of warrant to placement agent     148,202
Fixed assets purchased on account     20,598
Accrual of deferred offering costs     $ 53,471