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 $ (2,289,665) $ (3,013,683)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 611,995 637,170
Non-cash operating lease expense 24,079 24,623
Depreciation 932 932
Changes in operating assets and liabilities    
Prepaid expenses and other current assets 104,614 335,198
Accounts payable 215,752 204,488
Unearned grant revenue (336,108)
Accrued interest 99,635 108,128
Other accrued expenses 540,248 447,980
Operating lease liability (23,404) (25,299)
Net Cash Used In Operating Activities (715,814) (1,616,571)
Cash Flows From Financing Activities:    
Proceeds from issuance of convertible notes payable 1,355,000 150,000
Proceeds from issuance of convertible notes payable - related parties 340,000 845,000
Proceeds from issuance of common stock of majority-owned subsidiary 75,000 700,000
Repayment of short-term note payable (148,950) (152,126)
Net Cash Provided By Financing Activities 1,621,050 1,542,874
Effect of exchange rates on cash and restricted cash 388 442
Net Increase (Decrease) In Cash and Restricted Cash 905,624 (73,255)
Cash and Restricted Cash, Beginning of Period 251,291 489,726
Cash and Restricted Cash, End of Period 1,156,915 416,471
Cash and restricted cash consisted of the following:    
Cash 1,156,915 385,929
Restricted cash 30,542
Supplemental Disclosures of Cash Flow Information:    
Interest 2,972 4,305
Income taxes
Non-cash investing and financing activities:    
Conversion of 2022 Notes and related accrued interest to Series D-1 Preferred Stock 1,770,603
Conversion of 2025 Notes and related accrued interest to Series D-1 Preferred Stock 1,074,935
Conversion of accrued directors’ fees to Series D-1 Preferred Stock 542,501
Right-of-use asset obtained in exchange for operating lease liability $ 150,133