v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows From Operating Activities    
Net loss $ (8,086,485) $ (6,891,415)
Adjustments to reconcile net loss to net cash used in operating activities:    
Noncash stock-based compensation expense 2,682,337 2,154,764
Amortization of ROU assets 141,012 128,834
Depreciation 175,147 114,203
Amortization of prepaid assets 102,500 38,393
Changes in assets and liabilities:    
Accounts receivable (81,000) 335,839
Prepaid and deposits (65,141)
ROU liabilities (152,842) (122,639)
Other assets (281,882)
Accounts payable 319,053 124,568
Deferred Revenue 100,000
Accrued expenses and compensation (41,894) 54,931
Net cash used in operating activities (5,124,054) (4,127,663)
Cash Flows From Investing Activities    
Purchase of equipment (80,465) (1,151,563)
Net cash used in investing activities (80,465) (1,151,563)
Cash Flows From Financing Activities    
Repayment on notes payable (69,446) (63,325)
Proceeds from issuance of common stock under the market offering 6,004,250
Tax withholdings related to net share settlement of RSU’s (4,663) (2,733)
Proceeds from the exercise of stock options and warrants 34,462 41,900
Net cash provided by financing activities (39,647) 5,980,093
Net change in cash and cash equivalents (5,244,166) 700,867
Cash and cash equivalents, beginning of period 6,436,082 164,812
Cash, cash equivalents, and restricted cash at end of period 1,191,916 865,679
Supplemental disclosure of cash flow information    
Cash paid for interest 2,158 686
Cash paid for taxes
Non-cash investing and financing activities    
Insurance financing for prepaid insurance $ 224,000 $ 160,000