v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,914,967) $ (2,871,400)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 0 3,485
Amortization of intangible assets 51,773 61,319
Amortization of note receivable premium (7,254) 0
Changes in assets and liabilities:    
Inventory 0 1,200
Prepaids and other current assets 68,344 105,114
Accounts payable 6,549 (10,080)
Accrued expenses 0 (39,920)
Net cash used in operating activities (2,795,555) (2,750,282)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Issuance of note receivable (50,000) 0
Investment in related entity (125,000) 0
Net cash used in investing activities (175,000) 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Contribution from minority member 12,000 0
Purchase of treasury stock 0 (10,000)
Proceeds from exercise of warrants, net of issuance costs 4,464,544 3,364,000
Net cash provided by financing activities 4,476,544 3,354,000
NET CHANGE IN CASH 1,505,989 603,718
BEGINNING CASH BALANCE 7,208,126 5,940,402
ENDING CASH BALANCE 8,714,115 6,554,120
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash payments for interest 0 0
Cash payments for income taxes 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Offering costs in accounts payable $ 407,164 $ 0