v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows From Operating Activities    
Net Loss $ (6,768,323) $ (5,736,707)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 602 278
Non-cash lease expense for right-of-use assets 46,359 42,670
Stock-based compensation 430,962 320,275
Net changes in operating assets and liabilities:    
Prepaid expenses and other 745,834 (980,554)
Operating lease liability (45,073) (41,228)
Accounts payable (95,126) 641,469
Due from related parties (39)
Accrued expenses 684,512 359,123
Net cash used in operating activities (5,000,253) (5,394,713)
Cash Flows From Financing Activities    
Net proceeds from issuance of stock 10,758,802 6,282,430
Shares withheld to pay taxes on stock-based compensation (10,404) (11,932)
Settlement of stock award (8,561)
Payment of finance lease obligation (2,850) (2,301)
Net cash provided by financing activities 10,745,548 6,259,636
Net Decrease in Cash and Cash Equivalents 5,745,295 864,923
Cash and Cash Equivalents - Beginning of Period 1,191,325 4,706,197
Cash and Cash Equivalents - End of Period 6,936,620 5,571,120
Supplemental Cash Flow Information:    
Cash paid for interest 1,880
Cash paid for income taxes
Non-Cash Financing Activities    
Issuance of 5,000 shares of common stock in connection with a licensing agreement which had previously been recorded as a due to licensor 189,000
New right-of-use asset 11,804
Financing lease liability (11,804)
Net