v3.26.1
CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (7,274,900) $ (5,957,338)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 76,485 68,293
Gain/Loss on lease modification (1,752) 7,726
Amortization of right-of-use assets 153,730 159,746
Stock based compensation 17,554 46,433
Change in fair value of warrant liability 0 (197)
Gain on disposal of property and equipment 0 (1,175)
Impairment of intangible assets and deferred patent costs 623,532 0
Changes in operating assets and liabilities:    
Accounts receivable 3 233
Prepaid expenses 238,667 (107,984)
Other assets 360 (468)
Tax credits receivable (3,438) 23,256
Income tax payable (6,256) (11,572)
Accounts payable and accrued expenses 557,223 40,432
Operating lease liability (149,648) (154,183)
Net cash used in operating activities (5,768,440) (5,886,798)
Cash flows from investing activities:    
Purchases of property and equipment (54,981) (11,601)
Proceeds from sale of property and equipment 0 3,153
Deferred patent costs (99,699) (49,525)
Net cash used in investing activities (154,680) (57,973)
Cash flows from financing activities    
Principal payments on finance leases (8,625) (7,838)
Proceeds from public offerings, net 0 1,749,312
Proceeds from exercise of warrants 196,800 0
Proceeds from private placement, net 10,377,703 0
Proceeds from equity line of credit 215,950 694,308
Repayment of insurance premium financing liability (198,983) 0
Net cash provided by financing activities 10,582,845 2,435,782
Net change in cash and cash equivalents 4,659,725 (3,508,989)
Cash and cash equivalents at beginning of period 2,068,083 4,554,719
Cash and cash equivalents at end of period 6,727,808 1,045,730
Supplemental Cash Flow Information [Abstract]    
Obtaining a right-of-use asset in exchange for lease liability $ 166,690 $ 0