v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net loss $ (2,794,479) $ (4,447,724)
Adjustments to reconcile net loss to net cash used in operations:    
Amortization expense 95,422 75,576
Lease expense 52,245 33,464
Depreciation expense 6,358
Stock options expense 484,085 1,164,408
Common stock issued for services 1,203,380
Changes in operating assets and liabilities:    
Prepaid expenses 91,536 (19,299)
Accounts payable (104,328) (45,348)
Lease liability (52,245) (33,464)
Accrued expenses 52,444 (37,822)
Net cash used in operating activities (2,168,962) (2,106,829)
Cash flows from investing activities    
Additions to intellectual property (295,047) (236,256)
Additions to other intangible assets (12,401)
Additions to construction in progress (88,500)
Additions to property, plant and equipment (1,348) (1,737,065)
Net cash used in investing activities (397,296) (1,973,321)
Cash flows from financing activities    
Proceeds from issuance of common stock 180,000 9,520,000
Repayment of related party loan (50,000) (50,000)
Borrowing from related parties 229,074 59,924
Net cash provided by financing activities 359,074 9,529,924
Effect of exchange rate changes on cash 5,356 400
Net change in cash and cash equivalents (2,201,828) 5,450,174
Cash and cash equivalents, beginning of period 8,914,107 4,596,556
Cash and cash equivalents, end of period 6,712,279 10,046,730
Supplementary disclosure for noncash activity    
Right-of-use asset in exchange for lease liability $ 132,737