v3.25.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (3,321,218) $ (4,510,753)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 790,035 977,128
Share-based compensation expense 98,064 305,777
Change in fair value of warrants (0) 632,388
Amortization of ROU asset 14,624 6,914
Change in assets and liabilities:    
Accounts receivable (465) 136
Prepaid assets (49,523) (70,493)
Other current assets 0 (10,039)
Accounts payable and accrued liabilities (27,499) 37,986
Lease liabilities (12,667) (2,865)
Net cash used in operating activities (2,508,649) (2,633,821)
Cash flows from investing activities:    
Purchase of property and equipment 0 (8,518)
Software capitalization (476,475) (528,602)
Intangibles capitalization (14,175) 0
Net cash used in investing activities (490,650) (537,120)
Cash flows from financing activities:    
Offering costs (95,125) (72,807)
Net settlement of share-based compensation liability 0 (19,686)
Repayments of related party debt 0 (2,750,000)
Proceeds from issuance of preferred shares, net of issuance costs 700,000 2,238,575
Proceeds from issuance of common shares, net of issuance costs 755,295 4,852,508
Dividends and Series B preferred stock converted to common stock 566 0
Net cash provided by financing activities 1,360,736 4,248,590
Net (decrease) increase in cash (1,638,563) 1,077,649
Cash, beginning of year 2,706,319 804,556
Cash and restricted cash, end of period 1,067,756 1,882,205
Supplemental disclosures of cash flow information:    
Cash paid for interest 2,997 1,045
Cash paid for taxes 0 0
Supplemental disclosures of non-cash activity:    
Reclassification of deferred offering costs 55,120 68,931
Issuance of warrants in connection with related party debt 0 911,384
Capitalized dividends 103,108 0
Right of use asset and assumption of operating lease liability $ 0 $ 95,311