Annual report [Section 13 and 15(d), not S-K Item 405]

STATEMENTS OF CASH FLOWS

v3.25.4
STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash Flow from Operating Activities:    
Net Loss $ (7,966,538) $ (14,103,103)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Share-Based Compensation 1,247,401 2,601,903
Share-Based Payments to Vendors 322,319 833,680
(Increase)/Decrease in:    
Other Receivable 2,710 78,032
Prepaid Expenses 15,105 5,653
Accounts Payable and Accrued Expenses (408,779) 200,404
Net Cash Used in Operating Activities (6,787,782) (10,383,431)
Cash Flow from Financing Activities:    
Reverse Stock Split fractional share adjustment (1,040)  
Proceeds from Warrant Inducement, net of issuance costs 2,480,553  
Proceeds from Warrant Exercise 1,360,544 210,199
Proceeds from issuance of common stock in connection with equity line of credit purchase agreement, net of issuance costs 3,808,439  
Proceeds from 2025 March Registered Direct Offering, net of issuance costs 889,420  
Proceeds from 2025 January Registered Direct Offering, net of issuance costs 2,099,253  
Proceeds from At-the-Market Offering, net of issuance costs   6,405,757
Net Cash Provided by Financing Activities 10,637,169 6,615,956
Net Increase/(Decrease) in Cash 3,849,387 (3,767,475)
Cash at Beginning of Year 3,706,713 7,474,188
Cash at End of Year 7,556,100 $ 3,706,713
SUPPLEMENTAL DISCLOSURE OF NON-CASH OPERATING ACTIVITIES    
Share-Based Compensation to settle accrued compensation (Note 5) 413,120  
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES    
2025 Equity Line of Credit Purchase Agreement costs (Commitment shares)(Note 4) 360,000  
2025 Warrant Inducement Financing costs (Note 4) 4,636,869  
January 2025 Registered Direct Offering    
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES    
Registered Direct Offering costs 85,419  
March 2025 Registered Direct Offering    
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES    
Registered Direct Offering costs $ 56,163