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 $ (4,396,857) $ (4,581,166)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 778,562 307,266
Stock issuance pursuant to termination agreement 8,253
Stock issuance pursuant to services agreement 20,550
Increase in operating assets:    
Prepaid expenses and other current assets (150,755) (290,579)
Increase (decrease) in operating liabilities:    
Accounts payable (4,571) (133,548)
Accrued expenses (66,163) (327,007)
Net cash used in operating activities (3,831,531) (5,004,484)
Net cash provided by (used in) investing activities
Cash flows from financing activities:    
Proceeds from issuance of common stock upon private investment in public equity offering 2,500,000 2,084,161
Proceeds from issuance of common stock upon at-the-market offerings 266,625
Payment of deferred offering costs (272,246) (319,250)
Proceeds from insurance premium financing liability 285,178 393,960
Repayment of insurance premium financing liability (200,638) (193,912)
Repayment of note payable (64,769)
Net cash provided by financing activities 2,514,150 1,964,959
Net decrease in cash (1,317,381) (3,039,525)
Cash, beginning of period 3,559,361 10,935,352
Cash, end of period 2,241,980 7,895,827
Supplemental disclosure of non-cash financing activities:    
Unpaid deferred financing costs 9,000
Amortization of deferred offering costs from ATM offering 24,832
Reduction of premium related to insurance premium financing 101,102
Issuance of note payable for settlement of previously incurred professional fees 314,485
Issuance of options to settle liability $ 200,212