v3.25.2
STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (10,369,156) $ (11,699,595)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock options issued for services 1,282,692 2,337,460
Amortization of deferred compensation 401,863 203,521
Performance stock units issued for services 384,925
Restricted stock units issued for services 11,113
Non-cash compensation expense from stock option exercises 705,500
Common stock issued for commitment shares 243,830 105,960
Depreciation and amortization of patents 943,089 804,737
Amortization of right of use asset 100,938 94,753
(Gain) loss on disposal of property and equipment (28,800) 3,166
(Increase) decrease in assets    
    Accounts receivable 34,812 22,311
Prepaid expenses and other current assets (237,115) 476,730
(Decrease) increase in liabilities    
Accounts payable (195,412) (529,626)
Accrued bonuses, accrued expenses and other liabilities (394,875) (382,652)
Accounts payable and accrued expenses-related parties (53,359) (161,223)
Contract liability (8,333) (8,334)
Deferred lease liability (20,889)
Operating lease liability (81,934) (70,107)
Net cash used in operating activities (7,260,222) (8,823,788)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cost of intangibles (108,332) (67,445)
Purchase of property and equipment (893,894) (1,585,772)
Net cash used in investing activities (1,002,226) (1,653,217)
CASH FLOWS FROM FINANCING ACTIVITIES    
Exercise of options and warrants 204,000 245,250
Cashless option exercise tax payments (171,926)
Cashless tax payment on vested restricted stock awards (12,875)
Issuance of common stock, institutional investor 2,174,983 7,495,600
Common stock sales at the market by investment banking company 507,248 499,883
Net cash provided by financing activities 2,701,430 8,240,733
NET DECREASE IN CASH AND CASH EQUIVALENTS (5,561,018) (2,236,272)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 27,667,964 31,432,087
CASH AND CASH EQUIVALENTS - END OF PERIOD 22,106,946 29,195,815
Options issued to settle accrued bonuses 48,068
Trade-in credit for purchase of property and equipment 28,800
Restricted stock awards issued for services $ 169,846 $ 307,942