v3.25.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (6,327,213) $ (1,123,683)
Adjustments to reconcile net loss to net cash used in operating activities:    
Changes in fair value of warrant liability 107,961 39,697
Commitment fee 250,000
Interest expense 2,285,080
Loss on conversion of note payable 448,802
Share-based compensation 885,695 37,514
Changes in operating assets and liabilities:    
Prepaid expenses 21,316 (150,660)
Accounts payable (51,055) (117,271)
Accrued expenses (861,764) 247,940
Related party payable (31,000) (128,000)
Other Liabilities 15,064
Net cash used in operating activities (3,522,178) (929,399)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of drug license (123,497)
Net cash used in (provided by) investing activities (123,497)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from convertible promissory note, net of issuance cost 2,150,000 950,000
Proceeds from sales of stocks and warrants, net 11,394,218 175,000
Proceeds from stock subscriptions 500,000
Proceeds from sale of preferred B shares 500,000
Payments on notes payable (2,730,182)
Payments for deferred financing costs (25,000)
Proceeds from FPA settlement 140,572
Payments on financed director and officer insurance (40,225)
Merger proceeds net of transaction cost 770,424
Net cash provided by financing activities 11,889,383 1,895,424
NET CHANGE IN CASH 8,367,205 842,528
Cash - Beginning of period 63,741 2,808
Cash - End of period 8,430,946 845,336
SUPPLEMENTAL NON-CASH FINANCING AND INVESTING ACTIVITIES:    
Note payable settled with issuance of common stock 1,473,441 1,308,270
Reversal of OID 681,506
Non-cash directors and officers insurance 154,500
Non-cash PIPE Funds used for merger transaction close 2,950,000
Commitment fee paid in stock 250,000
Assumed income tax payable from merger 568,111
Assumed warrant liability from merger 22,525
Interest payable settled with issuance of common stock 57,641
Issuance of warrants 679,577
Repurchase of warrants (679,577)
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest Paid 79,153 2,460
Taxes Paid