v3.25.1
STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash Flow from Operating Activities:    
Net Loss $ (14,103,103) $ (14,577,768)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Share-Based Compensation 2,601,903 3,206,527
Share-Based Payments to Vendors 833,680 559,583
(Increase)/Decrease in:    
Other Receivable 78,032 (129,159)
Prepaid Expenses 5,653 159,179
Accounts Payable and Accrued Expenses 200,404 980,753
Net Cash Used in Operating Activities (10,383,431) (9,800,885)
Cash Flow from Financing Activities:    
Pre-funded Warrant Exercise   73
Warrant Exercise 210,199 2,218,999
Net Cash Provided by Financing Activities 6,615,956 8,163,322
Net Decrease in Cash (3,767,475) (1,637,563)
Cash at Beginning of Year 7,474,188 9,111,751
Cash at End of Year 3,706,713 7,474,188
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES    
2023 Registered Direct Offering costs (Note 4)   1,990,153
At the Market Offering    
Cash Flow from Financing Activities:    
Proceeds from Offering, net of issuance costs 6,405,757 2,400,638
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES    
2023 Registered Direct Offering costs (Note 4) $ 209,305 222,161
Registered Direct Offering    
Cash Flow from Financing Activities:    
Proceeds from Offering, net of issuance costs   3,543,612
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES    
2023 Registered Direct Offering costs (Note 4)   $ 456,314

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