Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flow from Operating Activities:    
Net Loss $ (12,092,776) $ (12,747,697)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Share-Based Compensation 2,871,681 5,154,714
Share-Based Payments to Vendors 430,680 1,587,741
Executive Compensation Settled with Membership Interests   916,765
Gain on Forgiveness of Paycheck Protection Program Loan   (66,503)
(Increase) / Decrease in:    
Prepaid Expenses 30,349 (246,695)
Accounts Payable and Accrued Expenses 1,217,776 387,978
Net Cash Used in Operating Activities (7,542,290) (5,013,697)
Cash Flow from Financing Activities:    
Proceeds from Initial Public Offering, net of issuance costs   14,797,132
Proceeds from Registered Direct Offering, net of issuance costs 3,695,182  
Pre-funded Warrant Exercise 13  
Net Cash Provided by Financing Activities 3,695,195 14,797,132
Net (Decrease) Increase in Cash (3,847,095) 9,783,435
Cash at Beginning of Year 12,958,846 3,175,411
Cash at End of Year 9,111,751 12,958,846
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES    
Warrants issued in connection with offerings $ 171,409 $ 618,000