Quarterly report [Sections 13 or 15(d)]

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flow from Operating Activities:    
Net Loss $ (1,680,982) $ (2,149,193)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Share-Based Compensation 258,287 333,598
Share-Based Payments to Vendors 61,000 110,080
(Increase)/Decrease in:    
Other Receivable (7,896) 51,127
Prepaid Expenses (143,808) (61,451)
Accounts Payable and Accrued Expenses 105,866 (335,660)
Net Cash Used in Operating Activities (1,407,533) (2,051,499)
Cash Flow from Financing Activities:    
Proceeds from issuance of common stock in connection with equity line of credit purchase agreement, net of issuance costs 3,106,246  
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
Net Cash Provided by Financing Activities 3,106,246 2,988,673
Net Increase/(Decrease) in Cash 1,698,713 937,174
Cash at Beginning of Year 7,556,100 3,706,713
Cash at End of Year $ 9,254,813 4,643,887
SUPPLEMENTAL DISCLOSURE OF NON-CASH OPERATING ACTIVITIES    
Share-Based Compensation to settle accrued compensation (Note 5)   413,120
January 2025 Registered Direct Offering    
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES    
2025 January Registered Direct Offering costs (Note 4)   85,419
March 2025 Registered Direct Offering    
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES    
2025 March Registered Direct Offering costs (Note 4)   $ 56,163