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) Income $ (4,762,078) $ 1,563,713
Stock-based compensation:    
Shares issued for services   149,718
Amortization of stock options and restricted stock units 557,421 596,467
Amortization of intangibles 21,772 26,462
Deferred tax benefit   (22,332)
Change in fair value of derivative liabilities (53,323) (5,230,114)
Change in fair value of accrued issuable equity (17,520)
Prepaid expenses and other current assets 424,913 (325,057)
Accounts payable (621,861) 454,982
Accrued expenses 526,367 662,880
Accrued expenses – related parties 36,898 19,270
Accrued issuable equity 48,600
Total adjustments 892,187 (3,636,644)
Net Cash Used In Operating Activities (3,869,891) (2,072,931)
Cash Flows From Financing Activities    
Repayment of loans payable (469,810) (515,419)
Net Cash (Used in) Financing Activities (469,810) (515,419)
Effect of Exchange Rate Changes on Cash 15,775 32,757
Net (Decrease) In Cash (4,323,926) (2,555,593)
Cash - Beginning of Period 6,970,110 8,224,508
Cash - End of Period 2,646,184 5,668,915
Supplemental Disclosures of Cash Flow Information:    
Cash paid during the period for income taxes
Cash paid during the period for interest $ 7,265 $ 2,853