v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:        
Net loss $ (2,051,085) $ (2,681,433) $ (15,038,536) $ (120,254)
Adjustments to reconcile net loss to net cash used in operating activities:        
Stock-based compensation expense 223,455 32,094 168,850 155,721
Issuance of common stock for services     25,000
Depreciation expense 7,221 6,262 27,923 25,049
Disposal of lab supplies 6,721    
Change in fair value of warrant liability (1,417) (68,427) (81,441) (8,328,937)
Changes in operating assets and liabilities:        
Prepaid expenses and other current assets (156,571) 12,815 17,992 (11,559)
Deferred offering costs 71,133 71,133 82,071
Accounts payable (158,563) 321,767 (576,277) 749,660
Accrued expenses (664,168) (532,180) (2,935,920) 161,963
Net cash used in operating activities (2,794,407) (2,837,969) (18,321,276) (7,286,286)
Cash flows from investing activities:        
Purchase of property and equipment (19,172) (19,171)
Net cash used in investing activities (19,172) (19,171)
Cash flows from financing activities:        
Net cash provided by financing activities 5,417,180 12,847,764 14,025,008
Redemption of Series A Preferred Stock     (5,000)
Net (decrease) increase in cash and cash equivalents (2,794,407) 2,560,039 (5,492,683) 6,738,722
Cash and cash equivalents at beginning of period 6,499,018 11,991,701 11,991,701 5,252,979
Cash and cash equivalents at end of period 3,704,611 14,551,740 6,499,018 11,991,701
Supplemental disclosure of non-cash investing and financing activities:        
Equity issuance costs in connection with the Class D Warrant Inducement included in accounts payable     25,968
Alternative cashless exercise of Class C Common Stock Warrants     57,589 5,526,287
Deferred offering costs included in accounts payable and accrued expenses     66,033
Class D Common Stock Warrants        
Cash flows from financing activities:        
Proceeds from Warrant exercise     241,390
Supplemental disclosure of non-cash investing and financing activities:        
Incremental fair value of the Common Stock Warrants in connection with the Warrant Inducement     939,679
Warrant Inducement        
Cash flows from financing activities:        
Proceeds from Warrant exercise     3,501,276
Proceeds from Class D Pre-Funded Warrants exercise        
Cash flows from financing activities:        
Proceeds from Warrant exercise 127 127
Class E Common Stock Warrants        
Cash flows from financing activities:        
Proceeds from Warrant exercise     3,687,918
Supplemental disclosure of non-cash investing and financing activities:        
Incremental fair value of the Common Stock Warrants in connection with the Warrant Inducement     4,887,683
Class C Pre-Funded Warrants        
Cash flows from financing activities:        
Proceeds from Warrant exercise     34
Class G Common Stock Warrants        
Supplemental disclosure of non-cash investing and financing activities:        
Fair Value of Common Stock Warrants     2,066,429
Class F Common Stock Warrants        
Supplemental disclosure of non-cash investing and financing activities:        
Fair Value of Common Stock Warrants     4,104,680
Alternative cashless exercise of Class F Common Stock Warrants 3,094,680    
Class C Common Stock Warrant        
Adjustments to reconcile net loss to net cash used in operating activities:        
Change in fair value of warrant liability 1,417 68,427 100,000  
Supplemental disclosure of non-cash investing and financing activities:        
Alternative cashless exercise of Class C Common Stock Warrants 57,589    
February 2024 Public Offering        
Cash flows from financing activities:        
Proceeds from the February Public Offering, net 5,417,053 5,417,053
February 2024 Public Offering | Class D Common Stock Warrants        
Supplemental disclosure of non-cash investing and financing activities:        
Fair Value of Common Stock Warrants in connection with Public Offering     6,269,684
Issuance of Class D Common Stock Warrants in connection with the February 2024 Public Offering $ 6,269,684    
February 2023 Public Offering        
Cash flows from financing activities:        
Proceeds from the February Public Offering, net     14,029,974
February 2023 Public Offering | Class C Common Stock Warrant        
Supplemental disclosure of non-cash investing and financing activities:        
Fair Value of Common Stock Warrants in connection with Public Offering     $ 13,996,500