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 $ (20,446,633) $ (5,667,236)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock-based compensation 1,846,078 2,032,723
Depreciation and amortization 121,553 17,118
Credit loss expense 300
Operating lease liability - non-cash adjustment 1,478
Change in fair value of derivative liabilities (1,222,822) (190,000)
Loss on conversion of convertible notes payable 12,042,410
Accretion of discount on convertible note payable 379,915 27,738
Accretion and immediate expensing of issuance costs on convertible note payable 133,927 165,869
Realized gain on investments (322,818)
Unrealized loss on investments 260,976
Other non-cash item 16,515
Increase (decrease) in    
Accounts receivable (5,125) (89,075)
Inventory (29,378)
Prepaid expenses (272,981) (141,431)
Other current assets 971
Other assets (235,624)
Accounts payable 65,618 61,131
Accrued expenses 1,408,768 (17,302)
Net cash used in operating activities (6,257,843) (3,799,494)
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (439,688) (47,827)
Proceeds from sales of investments 24,258,747
Purchase of investments (26,299,029)
Net cash used in investing activities (2,479,970) (47,827)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from sale of common stock, net 444,360
Taxes paid for shares withheld upon vesting of restricted stock units (25,749)  
Proceeds from the exercise of warrants, net 573,896
Proceeds from note payables 40,579
Repayments of note payables (4,486) (4,187)
Proceeds from issuance of convertible notes payable 10,000,000 4,000,000
Debt issuance costs (400,000)
Deferred offering costs (688,570)
Net cash provided by financing activities 9,610,344 4,325,499
NET INCREASE IN CASH AND CASH EQUIVALENTS 872,531 478,178
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 2,104,004 129,318
CASH AND CASH EQUIVALENTS, END OF PERIOD 2,976,535 607,496
Cash paid for:    
Interest 4,310 1,939
Income taxes
SUPPLEMENTAL DISCLOSURE OF NONCASH INFORMATION    
Common stock issued as payment of offering costs 6,927,869
Common stock issued in exchange for services 161,000 1,204,737
Common stock issued for conversion of convertible notes payable 20,807,755
Derivative liabilities reclassified as additional paid-in capital upon conversion of convertible notes payable 2,257,179
Deferred offering costs recognized as additional paid-in capital upon financing drawdown 2,174,671 871,882
Cashless exercise of stock options $ 8,970