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 $ (7,044,431) $ (5,739,789)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 194,454 182,107
Amortization of right of use asset 45,789 42,172
Write-off of capitalized patents 215,133 0
Write-off of property and equipment 79 1,201
Stock-based compensation 1,635,526 714,625
Decrease (increase) in operating assets:    
Accounts receivable (5,800) (7,483)
Inventory (52,725) 19,019
Prepaid expenses and other assets 131,593 124,692
Increase (decrease) in operating liabilities:    
Accounts payable 28,705 48,598
Accrued expenses and other liabilities 423,398 229,212
Lease liability (44,888) (39,655)
Net cash used in operating activities (4,473,167) (4,425,301)
Cash flows from investing activities:    
Purchase of property and equipment (151,728) (41,128)
Acquisition of intangible assets (212,320) (179,209)
Net cash used in investing activities (364,048) (220,337)
Cash flows from financing activities:    
Net proceeds from issuance of common stock and pre-funded warrants 40,259,375 0
Exercise of pre-funded warrants 267 110
Payment of taxes upon vesting of restricted stock units (256,988) (91,769)
Net cash provided by (used in) financing activities 40,002,654 (91,659)
Net increase (decrease) in cash and cash equivalents 35,165,439 (4,737,297)
Cash and cash equivalents at beginning of period 6,129,049 15,842,850
Cash and cash equivalents at end of period $ 41,294,488 $ 11,105,553