Sigma Additive Solutions, Inc.
Condensed Statements of Cash Flows
(Unaudited)
|
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|
Three Months Ended |
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|||||
|
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|
March 31, 2023 |
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|
March 31, 2022 |
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|
OPERATING ACTIVITIES |
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|
|
|
|
|
|
|
|
Net Loss |
|
$ |
(1,751,699 |
) |
|
$ |
(2,207,395 |
) |
|
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities: |
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|
|
|
|
|
|
|
Noncash Expenses: |
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|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
28,127 |
|
|
|
31,584 |
|
|
Stock-Based Compensation - Employees |
|
|
224,850 |
|
|
|
170,976 |
|
|
Stock-Based Compensation - Third Party Services |
|
|
(489 |
) |
|
|
11,713 |
|
|
Stock-Based Compensation - Directors |
|
|
7,728 |
|
|
|
21,721 |
|
|
Stock-Based Compensation |
|
|
- |
|
|
|
- |
|
|
Change in Assets and Liabilities: |
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|
|
|
|
|
|
|
|
Accounts Receivable |
|
|
161,171 |
|
|
|
151,170 |
|
|
Inventory |
|
|
6,541 |
|
|
|
(72,019 |
) |
|
Prepaid Assets |
|
|
(129,777 |
) |
|
|
(50,996 |
) |
|
Accounts Payable |
|
|
123,148 |
|
|
|
114,105 |
|
|
Deferred Revenue |
|
|
33,370 |
|
|
|
11,421 |
|
|
Accrued Expenses |
|
|
(12,507 |
) |
|
|
(209,299 |
) |
|
NET CASH USED IN OPERATING ACTIVITIES |
|
|
(1,309,537 |
) |
|
|
(2,027,019 |
) |
|
|
|
|
|
|
|
|
|
|
|
INVESTING ACTIVITIES |
|
|
|
|
|
|
|
|
|
Purchase of Property and Equipment |
|
|
- |
|
|
|
(83,248 |
) |
|
Purchase of Intangible Assets |
|
|
(47,690 |
) |
|
|
(58,851 |
) |
|
NET CASH USED IN INVESTING ACTIVITIES |
|
|
(47,690 |
) |
|
|
(142,099 |
) |
|
|
|
|
|
|
|
|
|
|
|
FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
|
NET CASH PROVIDED BY FINANCING ACTIVITIES |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
NET CHANGE IN CASH FOR PERIOD |
|
|
(1,357,227 |
) |
|
|
(2,169,118 |
) |
|
|
|
|
|
|
|
|
|
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|
CASH AT BEGINNING OF PERIOD |
|
|
2,845,931 |
|
|
|
11,447,047 |
|
|
|
|
|
|
|
|
|
|
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|
CASH AT END OF PERIOD |
|
$ |
1,488,704 |
|
|
$ |
9,277,929 |
|
|
|
|
|
|
|
|
|
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|
Supplemental Disclosures: |
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Noncash Investing and Financing Activities Disclosure: |
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|
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|
Preferred Stock Dividends |
|
$ |
11,748 |
|
|
$ |
14,220 |
|
|
Conversion of Preferred Shares to Common Shares |
|
|
188,830 |
|
|
|
- |
|
|
Other Noncash Operating Activities Disclosure: |
|
|
|
|
|
|
|
|
|
Issuance of Securities for services |
|
$ |
7,239 |
|
|
$ |
33,434 |
|
|
Disclosure of Cash Paid for: |
|
|
|
|
|
|
|
|
|
Interest |
|
$ |
3,235 |
|
|
$ |
1,319 |
|
|
Income Taxes |
|
$ |
- |
|
|
$ |
- |
|
