v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net loss $ (15,182,353) $ (8,835,939)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 219,428 312,280
Stock-based compensation 955,327 545,039
Accretion of discount on note payable 239,670 15,353
Amortization of debt issue costs 5,562 155,135
Loss on debt extinguishment 488,900
Change in fair value of derivative 1,166,043 244,513
Changes in operating assets and liabilities:    
Other receivables (30,434) 6,740
Prepaid expenses and other current assets (719,852) (879,743)
Operating lease right-of-use assets 115,499 (1,348,209)
Trade accounts payable and accrued expenses 45,244 (935,266)
Current portion of operating lease liability 16,268 92,971
Long-term portion of operating lease liability (131,767) 1,223,587
Net cash used in operating activities (12,812,465) (9,403,539)
Investing activities:    
Purchase of property and equipment (128,263) (5,925)
Net cash used in investing activities (128,263) (5,925)
Financing activities:    
Proceeds from the issuance of common stock and common stock purchase warrants, net of fees 31,050,164 6,102,756
Principal payments on notes payable (660,000)
Principal payments on finance lease obligations (4,430)
Net cash provided by financing activities 30,390,164 6,098,326
Cash and cash equivalents:    
Net increase (decrease) in cash and cash equivalents 17,449,436 (3,311,138)
Cash and cash equivalents at beginning of year 10,953,383 12,211,321
Cash and cash equivalents at end of period 28,402,819 8,900,183
Cash paid for interest $ 803 $ 16,250