Quarterly report pursuant to Section 13 or 15(d)

Note 15 - Supplemental Disclosure for Statements of Cash Flows

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Note 15 - Supplemental Disclosure for Statements of Cash Flows
9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Cash Flow, Supplemental Disclosures [Text Block]

15.

Supplemental Disclosure for Statements of Cash Flows

 

During the nine-month periods ended September 30, 2023 and 2022, we paid interest aggregating $135,248 and $81,126, respectively. During the nine-month periods ended September 30, 2023 and 2022, we issued 163,586 and 53,238 shares of our Common Stock as matching contributions to our 401(k) Plan, which were valued at $52,348 and $44,720, respectively. During the nine-month period ended September 30, 2022, we issued 44,782 shares of our Common Stock to certain of our employees as partial payment in lieu of cash for their 2021 bonuses, which were valued at $24,847. During the nine-month period ended September 30, 2023, we issued 200,000 shares of our Common Stock as commitment shares to Keystone under the Purchase Agreement, which were valued at $50,000. During the nine-month period ended September 30, 2023, the Company recorded additional paid-in capital of $1,061,400 related to Mr. Scott’s partial exchange of the 2022 Bridge Note for 12,200,000 shares of Common Stock. During the nine-month period ended September 30, 2023, the Company recorded a deemed dividend of $138,045 related to the exchange of Series G Preferred Stock and accrued dividends thereon for Series J Preferred Stock. During the nine-month period ended September 30, 2023, we obtained right-of-use lease assets in exchange for new operating lease liabilities of $17,503. During the nine-month period ended September 30, 2023, 5,884 shares of Series I Preferred Stock were converted into 36,708,472 shares of Common Stock. During the nine-month period ended September 30, 2023, 11,969 shares of Series J Preferred Stock were converted into 11,508,672 shares of Common Stock.