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, 2023
Dec. 31, 2022
Cash Flow from Operating Activities:    
Net Loss $ (14,577,768) $ (12,092,776)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Share-Based Compensation 3,206,527 2,871,681
Share-Based Payments to Vendor 559,583 430,680
(Increase)/Decrease in:    
Other Receivable (129,159)  
Prepaid Expenses 159,179 30,349
Accounts Payable and Accrued Expenses 980,753 1,217,776
Net Cash Used in Operating Activities (9,800,885) (7,542,290)
Cash Flow from Financing Activities:    
Pre-funded Warrant Exercise 73 13
Warrant Exercise 2,218,999  
Net Cash Provided by Financing Activities 8,163,322 3,695,195
Net Decrease in Cash (1,637,563) (3,847,095)
Cash at Beginning of Year 9,111,751 12,958,846
Cash at End of Year 7,474,188 9,111,751
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES    
2023 Registered Direct offering costs (Note 4) 1,990,153  
Warrants issued in connection with 2022 offerings (Note 4)   171,409
Registered Direct Offering    
Cash Flow from Financing Activities:    
Proceeds from Offering, net of issuance costs 3,543,612 $ 3,695,182
At the Market Offering    
Cash Flow from Financing Activities:    
Proceeds from Offering, net of issuance costs $ 2,400,638