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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (7,243,723) $ (2,318,026)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 341,063 3,981
Amortization of operating lease right-of-use assets 380,018 0
Amortization of debt discount 0 30,032
Gain on forgiveness of PPP loan 0 (28,458)
Amortization of intangibles 1,593,200 0
Equity based compensation 559,596 769,752
Change in allowance for doubtful accounts 47,000 0
Change in operating assets and liabilities:    
Accounts receivable (4,592,303) 63,142
Inventory (1,630,641) (138,273)
Operating lease liabilities (210,320) 0
Accounts payable and accrued expenses 3,508,589 510,968
Prepaid expense and other current assets (451,498) 0
Other assets (278,836) 0
Other current liabilities 44,999 0
Deferred revenue 42,265 0
Net cash used in operating activities (7,890,591) (1,106,882)
CASH FLOWS USED IN INVESTING ACTIVITIES:    
Additions to leasehold improvements, furniture, and equipment (2,070,377) 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Common stock and Series A-2 Preferred stock issued for Cash, net of fees 10,998,076 0
Net proceeds from factoring arrangement 1,470,007 0
Proceeds from note payable 0 924,280
Loans payable to officer and affiliated entity 0 (22,760)
Net cash provided by (used in) financing activities 12,468,083 901,520
Net increase (decrease) in cash 2,507,115 (205,362)
Cash at beginning of year 2,190,814 457,041
Cash at end of year 4,697,929 251,679
SUPPLEMENTAL DISCLOSURE OF CASH AND NON-CASH TRANSACTIONS:    
Cash paid for interest 169,212 722
Purchase and retirement of treasury stock 0 516,528
Recognition of right of use asset - operating lease 2,617,474 0
Conversion of Series A-2 Preferred Stock for Common Stock $ 2,242 $ 0

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