Quarterly report [Sections 13 or 15(d)]

STATEMENTS OF CASH FLOWS

v3.25.1
STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flow from Operating Activities:    
Net Loss $ (2,149,193) $ (4,377,889)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Share-Based Compensation 333,598 894,523
Share-Based Payments to Vendors 110,080 305,600
(Increase)/Decrease in:    
Other Receivable 51,127 129,159
Prepaid Expenses (61,451) (82,132)
Accounts Payable and Accrued Expenses (335,660) 67,804
Net Cash Used in Operating Activities (2,051,499) (3,062,935)
Cash Flow from Financing Activities:    
Warrant Exercise   210,199
Net Cash Provided by Financing Activities 2,988,673 4,509,673
Net Increase in Cash 937,174 1,446,738
Cash at Beginning of Year 3,706,713 7,474,188
Cash at End of Year 4,643,887 8,920,926
SUPPLEMENTAL DISCLOSURE OF NON-CASH OPERATING ACTIVITIES    
Sharebased Compensation To Settle Accrued Compensation 413,120  
At the Market Offering    
Cash Flow from Financing Activities:    
Proceeds from Offering, net of issuance costs   $ 4,299,474
January 2025 Registered Direct Offering [Member]    
Cash Flow from Financing Activities:    
Proceeds from Offering, net of issuance costs 2,099,253  
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES    
Registered Direct Offering costs 85,419  
March 2025 Registered Direct Offering [Member]    
Cash Flow from Financing Activities:    
Proceeds from Offering, net of issuance costs 889,420  
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES    
Registered Direct Offering costs $ 56,163