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 $ (1,746,751) $ (4,124,606)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and accretion 269,144 710,926
Stock-based compensation 11,239 553,949
Noncash revenue from licensing agreement (3,500,000)
Gain on extinguishment of liability (483,383)
Change in fair value of warrant liability 1,775,992
Commitment fee 150,000
Change in fair value of investment, net (1,748,688)
Loss on conversion of debt with related parties (131,134)
Changes in operating assets and liabilities:    
Accounts receivable 13,724 560,590
Prepaid expenses and other assets (108,214) 5,156
Accounts payable and other liabilities (2,121,385) (2,772,352)
Deferred revenue 348,270
Net cash used in operating activities (5,541,364) (6,796,159)
Cash flows from investing activities:    
Purchases of property and equipment
Net cash from investing activities
Cash flows from financing activities:    
Proceeds from issuance of Common Stock 546,861 1,475,939
Proceeds from issuance of Common Stock warrants and pre-funded warrants, net 4,953,139 3,822,894
Proceeds from issuance of debt 150,000
Issuance costs for Common Stock (38,031)
Issuance costs for Common Stock warrants and pre-funded warrants (839,604) (824,899)
Debt repayment (292,141) (63,385)
Net cash provided by financing activities 4,330,224 4,560,549
Net decrease in cash and cash equivalents (1,211,140) (2,235,610)
Cash and cash equivalents at the beginning of the period 1,952,464 4,674,572
Cash and cash equivalents at the end of the period 741,324 2,438,962
Supplemental disclosure of cash flow information:    
Cash paid for interest 269,354 404,162
Noncash investing activities:    
Capital expenditures accrued, but not yet paid
Purchases of property and equipment included in accounts payable and other 13,000
Noncash financing activities:    
Extinguishment of restructured debt 7,440,462
Issuance of Common Stock, warrants and other rights upon extinguishment of restructured debt 3,962,766
Gain on extinguishment of debt with related parties 3,477,696
Equity dividend to investor $ 11,643,114 $ 10,153,799