v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,681,102) $ (3,169,804)
Adjustments to reconcile net loss to net cash used in operating activities:    
Unrealized gain on other investments (94,000)
Amortization and depreciation 637 638
Stock-based compensation 64,382 550,936
Non-cash operating lease costs 137,390 133,439
Changes in operating assets and liabilities:    
Accounts receivable (221,174) (266,643)
Other current assets 33,220 21,059
Accounts payable (268,906) 271,350
Accrued liabilities 102,563 446,080
Deferred revenue 22,239 (37,349)
Operating lease liability (133,865) (129,914)
Net cash used in operating activities (3,038,616) (2,180,208)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in joint venture (1,900,000)
Deposit on aircraft (1,100,000)
Deposits and other assets (77,000)
Net cash used in investing activities (1,900,000) (1,177,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Offering costs (3,196,913) (1,270,000)
Proceeds from exercise of Series B Convertible Preferred Stock warrants 11,000,000
Proceeds from sale of Common Stock 19,813,758
Net cash provided by financing activities 16,616,845 9,730,000
Increase in cash and cash equivalents 11,678,229 6,372,792
Cash and cash equivalents, beginning of period 1,819,503 5,872,627
Cash and cash equivalents, end of period $ 13,497,732 $ 12,245,419