Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net Loss $ (1,114,243) $ (1,868,930)
Adjustments to reconcile net loss to net cash from operating activities:    
Bad debt expense 5,114 42,080
Inventory fair value net realizable (25,006)
Depreciation expense 42,041 40,165
Amortization of intangible assets 28,741 0
Unrealized gain on marketable equity securities (32,570) 0
Realized loss on marketable equity securities 14,901 0
Gain on bargain purchase (61,747) 0
Stock-based compensation – shares 149,404 656,370
Stock-based compensation – services 0 8,000
Stock option compensation – options 133,403 228,375
Changes in operating assets and liabilities:    
Accounts receivable 8,832 (96,258)
Accounts receivable - related party 34,507 (70,816)
Inventory 13,109 (5,067)
Other receivable 0 13,057
Prepaid expenses (80,511) 148,616
Deposit 8,617 (35,142)
Operating lease right-of-use asset (16,075) 150,623
Accounts payable and accrued liabilities (20,011) 38,000
Other current liabilities 0 (17,135)
Customer deposit 98,838 0
Lease liabilities (50,885) (123,951)
Other liabilities 0 14,736
Net cash flows used in operating activities (838,535) (902,283)
Cash flows from investing activities:    
Purchase of property and equipment (9,920) (31,470)
Purchase of marketable securities (17,690) 0
Proceeds from sale of marketable securities 89,434 0
Net cash flows provided by (used in) investing activities 61,824 (31,470)
Cash flows from financing activities:    
Purchase of treasury stock (1,000,000) 0
Net cash flows used in financing activities (1,000,000) 0
Effect of exchange rate 3,760 24
Net change in cash (1,772,951) (933,729)
Cash beginning of period 4,343,426 8,678,665
Cash end of period 2,570,475 7,744,936
Supplemental cash flow disclosure:    
Cash paid for income taxes 0 0
Cash paid for interest 4,085 2,752
Supplemental disclosure for noncash financing activities:    
Right-of-use assets obtained in exchange for operating lease liabilities $ 270,481 $ 0