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 ($)
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Dec. 31, 2020
Cash Flows From Operating Activities:        
Net loss $ (1,129,975) $ (895,111) $ (3,141,753) $ (2,043,108)
Adjustments to reconcile net loss to net cash used in operating activities:        
Stock-based compensation 51,049 678,918 1,159,611 623,457
Forgiveness of PPP loan     (404,305) 0
Write off of deferred offering costs and other     0 123,875
 Forgiveness of PPP loan indebtedness 0 (210,680)    
Depreciation and amortization 42,469 40,978 166,535 111,311
Changes in operating assets and liabilities:        
Contract assets 0 62,273 62,273 481,671
Accounts receivable 6,000 10,707 4,707 (9,397)
Prepaid expenses and other current assets 16,295 (6,151) (191,691) 92,538
Deferred expenses (10,883) (75,327) 177,214 (73,536)
Accounts payable and accrued expenses 92,821 93,747 (39,099) (30,959)
Deferred revenue 65,000 99,311 (250,447) (51,931)
Total Adjustments 262,751 693,776 684,798 1,267,029
Net Cash Used In Operating Activities (867,224) (201,335) (2,456,955) (776,079)
Cash Flows Used In Investing Activities:        
Purchases of property and equipment (122,122) (21,161) (32,506) (686,915)
Lease of property (16,666) 0    
Net Cash Used In Investing Activities (138,788) (21,161) (32,506) (686,915)
Cash Flows From Financing Activities:        
Proceeds from sale of common stock, net of costs 0 5,006,500 4,599,055 0
Proceeds from government loans 0 193,625 193,625 684,580
Repayment of government loans (18,309) (3,561) (46,097) (4,714)
Proceeds from exercise of stock options 0 68,438 68,438 405,000
Payment of deferred offering costs 0 (407,445) 0 (39,740)
Net Cash Provided By Financing Activities (18,309) 4,857,557 4,815,021 1,040,566
Net Increase (Decrease) In Cash and Restricted Cash (1,024,321) 4,635,061 2,325,560 (422,428)
Cash and Restricted Cash - Beginning Of Year 2,701,414 375,854 375,854 798,282
Cash and Restricted Cash - End Of Year 1,677,093 5,010,915 2,701,414 375,854
Cash and Restricted Cash Consisted of the Following:        
 Cash 1,573,880 4,907,753    
 Restricted cash 103,213 103,162    
Cash and Restricted Cash 1,677,093 5,010,915 2,701,414 375,854
Cash paid during the year for:        
Interest 3,588 1,600 6,911 2,200
Income taxes 0 0 0 0
Non-cash investing and financing activities:        
 Operating Lease ROU Asset 680,683 $ 0    
Payment of deferred loan costs     0 (4,560)
Cash 1,573,880   2,598,213 272,705
Restricted cash $ 103,213   103,201 103,149
Fixed assets purchased on account     $ 0 $ 20,598