v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (34,980,165) $ (10,874,157)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Depreciation 280,195 77,825
Amortization of debt discount 120,712
PPP Loan forgiveness (666,091)
Amortization of intangible assets 2,726,295 682,239
Amortization of right of use asset 633,110 166,580
Loss on Intellectual Property 11,095
Stock-based compensation 4,366,734 1,955,073
Changes in operating assets and liabilities:    
Accounts receivable 392,036 (1,165,219)
Inventory (253,471) (132,231)
Other current assets (244,800) 101,148
Accounts payable 987,392 (577,269)
Deferred revenue (168,453) 173,377
Operating lease liability (451,542) (155,963)
Accrued expenses and other current liabilities 502,901 (1,329,680)
Net cash flows used in operating activities (26,198,673) (11,623,656)
CASH FLOWS FROM INVESTING ACTIVITIES    
Patent costs (29,678) (14,111)
Purchase of property and equipment (3,525,724) (80,358)
Cash paid for Ardenna Inc. asset acquisition (900,000)
Purchase of American Robotics, Inc., net of cash acquired (8,528,844)
Cash paid for Field of View LLC asset acquisition (41,667)  
Security deposit (61,423)
Investment in Dynam AI (1,000,000)
Net cash flows used in investing activities (5,497,069) (8,684,736)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of warrants/options 64,909 1,344,895
Proceeds from 2021 Public Offering, net of costs 47,523,569
Proceeds from sale of shares under ATM agreement 6,099,267
Payments on loan payable (7,124,278)
Net cash flows provided by financing activities 6,164,176 41,744,186
Increase (decrease) in cash and cash equivalents (25,531,566) 21,435,794
Cash and cash equivalents, beginning of period 40,815,123 26,060,733
Cash and cash equivalents, end of period 15,283,557 47,496,527
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for interest 12,920 1,038,532
Cash paid for income taxes
SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING ACTIVITIES:    
Forgiveness of accrued officers’ salary 135,103
Non-cash consideration for purchase of intangible assets 6,019,120
Operating leases right-of-use assets obtained in exchange for lease liabilities $ 2,928,911

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