v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (3,318,263) $ (5,451,579) $ (8,383,453) $ (8,376,834)
Adjustments to reconcile net loss to net cash used in operating activities        
            Depreciation 75,441 39,579 113,777 3,790
            Amortization 139,022 69,877 162,568 107,830
            Stock-based compensation expense 61,390 2,546,135 2,591,168 1,279,273
Non-cash interest expense     6,704,522
Change in fair value of derivative liability     (5,406,220)
Gain on extinguishment of debt     (193,350)
Changes in operating assets and liabilities:        
            Accounts receivable 5,685 (2,560) (13,652) (4,960)
            Prepaid expenses and other current assets 220,762 656,310 915,969 758,669
Deposits     (7,900)
            Accounts payable and accrued expenses (38,937) (191,132) (155,552) (781,500)
            Lease liability (116,666) (110,080) (223,929) 244,505
            NET CASH USED IN OPERATING ACTIVITIES (2,971,566) (2,443,450) (4,993,104) (5,672,175)
CASH FLOWS FROM INVESTING ACTIVITIES:        
    Purchases of property and equipment (24,483) (187,881) (214,765) (575,663)
Payments for right of use asset     (21,352)
    Patent costs incurred (58,649) (83,129) (189,425) (197,276)
            NET CASH USED IN INVESTING ACTIVITIES (83,132) (271,010) (404,190) (794,291)
CASH FLOWS FROM FINANCING ACTIVITIES:        
    Proceeds from sale of common stock and warrants, net of issuance costs 3,423,784 3,021,556 12,546,949
Proceeds from convertible notes payable, net of original issue discount of $500,000     4,500,000
Proceeds from exercise of warrants     390,000
    Payments of finance agreement (230,073) (280,500) (450,691) (942,532)
Payments of placement agent fee     (155,000) (315,000)
            NET CASH PROVIDED BY FINANCING ACTIVITIES 3,193,711 2,741,056 11,941,258 3,632,468
NET INCREASE IN CASH 139,013 26,596 6,543,964 (2,833,998)
CASH - BEGINNING OF PERIOD 7,827,487 1,283,523 1,283,523 4,117,521
CASH - END OF PERIOD 7,966,500 1,310,119 7,827,487 1,283,523
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:        
      Interest 9,381 11,634 18,640 30,491
      Income taxes
Non-cash investing and financing activities:        
Debt discount related to derivative liability     5,000,000
Notes payable converted to common stock     5,000,000
Adjustment to liabilities assumed in acquisition     74,025
Financing agreement entered into for prepaid insurance     383,455 467,500
Right of use asset added for operating lease     $ 642,523