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, 2021
Dec. 31, 2020
Cash Flow from Operating Activities:    
Net Loss $ (12,747,697) $ (4,600,038)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Share-Based Compensation 5,154,714 695,833
Share-Based Payments to Vendors 1,587,741 572,113
Executive Compensation Settled with Membership Interests 916,765 781,700
Gain on Forgiveness of Paycheck Protection Program Loan (66,503)  
(Increase) / Decrease in:    
Prepaid Expenses (246,695) (506)
Accounts Payable and Accrued Expenses 387,978 (800,660)
Net Cash Used in Operating Activities (5,013,697) (3,351,558)
Cash Flow from Financing Activities:    
Proceeds from Paycheck Protection Program Loan   66,503
Proceeds from Initial Public Offering, net of issuance costs 14,797,132  
Proceeds from Private Placement Offerings, net of issuance costs   3,977,144
Net Cash Provided by Financing Activities 14,797,132 4,043,647
Net Increase in Cash 9,783,435 692,089
Cash at Beginning of Year 3,175,411 2,483,322
Cash at End of Year 12,958,846 3,175,411
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES    
Warrants issued in connection with offerings $ 618,000 $ 23,177