v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,976,299) $ (2,765,915)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 11,209 11,565
Amortization of right of use asset 10,318 35,131
Stock-based compensation 312,174 10,044
Stock-based professional fees 1,492 94,038
Stock-based professional fees - RPM Interactive 12,616
Gain on deconsolidation of variable interest entities (107)
Foreign currency exchange loss 12,965
Changes in operating assets and liabilities:    
Accounts receivable (13) (9)
Prepaid expenses 66,258 40,207
Accounts payable and accrued expenses (32,572) 38,693
Contract liabilities 17 25
Operating lease liability (3,562) (39,637)
NET CASH USED IN OPERATING ACTIVITIES (2,610,978) (2,550,384)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale of short-term investments 2,963,546 6,121,770
Purchase of short-term investments, net (5,317,735) (5,594,001)
Purchases of property and equipment (4,475)
Increase in intangible assets - capitalization of internal-use software (174,641)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (2,533,305) 527,769
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of common stock, net 4,532,000 559,251
Proceeds from sale of subsidiary common stock 235,998
Proceeds from sale of pre-funded warrants 861,522
Payment of deferred offering costs (176,528)
NET CASH PROVIDED BY FINANCING ACTIVITIES 4,355,472 1,656,771
NET DECREASE IN CASH AND CASH EQUIVALENTS (788,811) (365,844)
CASH AND CASH EQUIVALENTS - beginning of period 1,196,699 953,362
CASH AND CASH EQUIVALENTS - end of period 407,888 587,518
Cash paid for:    
Interest 4,250
Income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Initial recording and changes in noncontrolling interest deficit 181,530 442,361
Common stock issued for future sale pursuant to ATM offering 75
Initial recognition of right-of-use asset and lease liability $ 244,793