v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 125,039 $ 64,893
Deferred offering costs – current 96,880 1,071,947
Debt issuance costs – current 671,804 671,804
Prepaid expenses and other 760,219 410,085
Total Current Assets 1,653,942 2,218,729
Non-Current Assets    
Debt issuance costs – net of current portion 862,609 1,198,512
Deferred offering costs – net of current portion 26,642
Right of use asset – operating lease 397,817
Other assets 47,177
Total Assets 2,988,187 3,417,241
Current Liabilities    
Accounts payable 3,073,635 2,917,801
Accounts payable - related parties 499,225 628,277
Accrued advisory fee – related party 5,882,710
Litigation settlement payable 4,697,500 4,641,250
Accrued compensation 255,099 734,874
Lease liability, current 68,633
Total Current Liabilities 14,476,802 8,922,202
Long Term Liabilities    
Lease liability, net of current portion 326,879
Total Liabilities 14,803,681 8,922,202
Shareholders’ Deficit:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares were issued and outstanding as of June 30, 2025 and December 31, 2024
Common stock, $0.0001 par value, 100,000,000 shares authorized; 19,026,776 and 18,090,526 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 1,903 1,809
Additional paid in capital 76,797,234 45,101,675
Accumulated deficit (88,614,631) (50,608,445)
Total Shareholders’ Deficit (11,815,494) (5,504,961)
Total Liabilities and Shareholders’ Deficit $ 2,988,187 $ 3,417,241