v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Net loss $ (9,688,499) $ (10,727,434)
Depreciation and amortization expense 24,152 33,724
Stock-based compensation expense 383,063 585,484
Government contract receivable 0 126,638
Prepaid expenses and other current assets 1,200,111 259,618
Accounts payable and accrued expenses 885,349 (578,108)
Total adjustments 2,492,675 427,356
Net cash used in operating activities (7,195,824) (10,300,078)
Purchase of equipment 0 (27,612)
Net cash used in investing activities 0 (27,612)
Net proceeds from sale of common stock and warrants 5,272,981 7,914,402
Net proceeds from warrant exercises 1,980,524 209
Net cash provided by financing activities 7,253,505 7,914,611
Net increase (decrease) in cash and cash equivalents 57,681 (2,413,079)
Cash and cash equivalents at beginning of period 3,085,741 5,506,941
Cash and cash equivalents at end of period $ 3,143,422 $ 3,093,862