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 $ (4,243,658) $ (3,783,400)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 58,378 56,859
Stock-based compensation 835,025 829,086
Amortization of intangible assets 380,898 380,898
Amortization of product development costs 217,242 147,350
Amortization of software development costs 336,954 138,421
Loss on disposal of fixed assets 1,195 1,654
Change in unrealized gain on investments (18,004)
Changes in operating assets and liabilities:    
Accounts receivable (144,613) 1,729
Inventory 258,780 498,919
Prepaid expenses and other current assets (97,192) (94,097)
Accounts payable (293,651) (281,725)
Accrued expenses (126,539) (539,366)
Deferred revenue 174,831 25,069
Net Cash Used in Operating Activities (2,660,354) (2,618,603)
Cash Flows from Investing Activities    
Purchase of equipment and website development (5,648) (16,678)
Product development costs (13,856) (165,416)
Software development costs (641,949) (384,739)
Purchase of investments in government securities (7,947,962)
Net Cash Used in Investing Activities (8,609,415) (566,833)
Cash Flows from Financing Activities    
Proceeds from the sale of common stock and warrants 14,377,835
Fees paid in connection with equity offerings (1,773,169) (98,678)
Common stock withheld to pay taxes (4,235)
Proceeds from exercise of warrants for common stock 22,147
Series C redeemable preferred stock dividends (150,000) (150,000)
Net Cash Provided by (Used in) Financing Activities 12,476,813 (252,913)
Net Increase (Decrease) in Cash and Cash Equivalents 1,207,044 (3,438,349)
Cash and Cash Equivalents - Beginning of Period 3,806,915 6,398,164
Cash and Cash Equivalents - End of Period 5,013,959 2,959,815
Non-cash investing and financing activities:    
Series H preferred stock conversion to common stock 472,245
Website development costs included in accounts payable 2,080
Fees in connection with offering costs included in accounts payable and accrued expenses 57,290 153,113
Product development costs included in accounts payable and accrued expenses 81,033
Software development costs included in accounts payable and accrued expenses 105,509 91,656
Lease liability and right-of-use asset arising from lease extension $ 331,944