v3.25.2
Condensed 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 $ (576,123) $ (1,308,463) $ (5,775,951) $ (3,567,883)
Adjustments to reconcile net loss to net cash used in operating activities:        
Stock-based compensation expense 23,193 537,197 2,246,033 2,253,793
Gain on retirement of royalty accrual     (720,632)
Depreciation 1,235 466 4,035 670
Foreign exchange differences     26,703 (90,147)
Changes in operating assets and liabilities:        
Receivables and prepaid expenses 18,607 8,744 24,961 (7,264)
Accounts payable 32,385 (100,648) 112,551 44,111
Accrued expenses and other payables (8,481) 81,727 (18,892) (110,231)
Registration Rights Agreement liability     520,000
Founders claim accrual     (207,844)
Accrued royalties     6,438
Accrued severance 9,591 (77) 118,738 4,827
Net cash used in operating activities (499,593) (781,054) (2,741,822) (2,394,162)
Cash flows from investing activities:        
Cash acquired in reverse recapitalization     17,966
Purchase of property and equipment (16,747) (25,849)
Net cash used in investing activities (16,747) (25,849) 17,966
Net Cash flows from financing activities:        
Proceeds from loans 300,000    
Proceeds from private placement raise     5,225,000
Issuance costs     (571,796)
Net cash provided by financing activities 300,000 4,653,204
Effect of exchange rate changes on cash     (30,728) 31,776
Net decrease in cash (199,593) (797,801) (2,798,399) 2,308,784
Cash, beginning of period 594,444 3,347,843 3,347,843 1,039,059
Cash, end of period 349,851 2,550,042 594,444 3,347,843
Supplemental cash flow information:        
Cash paid for interest    
Cash paid for taxes    
Non-cash activities:        
Shares issued at reverse recapitalization     20,231
Net liabilities assumed in reverse recapitalization     791,232
Return of founders shares to the Company as part of claim settlement     33,096
Settlement of Treasury Stock prior to recapitalization     33,096
Previously Reported        
Net Cash flows from financing activities:        
Cash, beginning of period $ 549,444 $ 3,347,843 3,347,843  
Cash, end of period     $ 549,444 $ 3,347,843