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 $ (4,695,299) $ (1,195,560)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 2,317 2,317
Stock-based compensation 107,425 102,698
Amortization of right-of-use asset 58,871 57,277
Issuance of common stock for professional services 2,434,080
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (191,225) 40,262
Accounts payable (215,099) (86,945)
Accrued expenses and other current liabilities 57,493 197,412
Accrued interest – related parties 46,438 25,264
Operating lease liability (58,722) (55,368)
Net cash used in operating activities (2,453,721) (912,643)
Cash flows from investing activities:    
Purchases of investments (2,000,000)
Net cash used in investing activities (2,000,000)
Cash flows from financing activities:    
Net proceeds from issuance of Series C Convertible Preferred Stock 6,802,095
Proceeds from notes payable - related parties 168,158 1,500,000
Proceeds from notes payable – other 30,000
Repayment of notes payable - related parties (168,158)
Repayment of notes payable - other (30,000)
Net cash provided by financing activities 6,802,095 1,500,000
Net increase in cash and cash equivalents 2,348,374 587,357
Cash and cash equivalents - beginning of period 236,400 681,098
Cash and cash equivalents - end of period 2,584,774 1,268,455
Supplemental disclosure of cash flow information:    
Interest 2,409
Non-cash investing and financing activities:    
Conversion of convertible notes payable into common stock 1,500,000
Conversion of convertible notes payable accrued interest into common stock $ 147,319