v3.25.1
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net Loss $ (1,778,703) $ (1,971,311)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 21,202 21,659
Amortization 12,672 7,814
Stock-based compensation and nonemployee stock-based payment expense 182,999 232,154
Expenses paid by Tekcapital and Affiliates 75,679 99,561
Provision for (recovery of) doubtful accounts 880 (4,891)
Realized gain on debt securities (U.S. Treasury bills) (104,816)
Changes in operating assets and liabilities:    
Accounts receivable 22,374 52,823
Accounts payable and accrued expenses (379,700) 259,006
Prepaid expenses (152,928) (92,931)
Inventory prepayments 44,741 264,113
Inventory (296,235) (325,666)
Other assets (11,484)
Contract assets and liabilities 40,786 1,798
Net cash flows from operating activities (2,311,049) (1,467,355)
Investing Activities    
Proceeds from redemption of debt securities (U.S. Treasury bills) 5,000,000
Loan made to Tekcapital Europe, Ltd. (767,940)
Repayment of amounts loaned to Tekcapital Europe, Ltd. 756,277
Patent costs (19,120) (51,577)
Purchases of property and equipment (40,648) (32,298)
Net cash flows from investing activities 4,940,232 (95,538)
Financing Activities    
Repayment of amounts due to Tekcapital and Affiliates (75,988)
Net cash flows from financing activities (75,988)
Net Change In Cash and cash equivalents 2,629,183 (1,638,881)
Cash and cash equivalents at Beginning of Period 2,628,987 4,287,447
Cash and cash equivalents at End of Period 5,258,170 2,648,566
Significant Non-Cash Transactions    
Expenses paid for by Tekcapital and Affiliates, reported as increase in Due to/from Tekcapital and Affiliates 75,679 99,561
Issuance of shares for prepayment to third party service provider $ 81,900