Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows for Operating Activities:    
Net loss $ (9,514,854) $ (4,043,714)
Adjustments to reconcile net loss to net cash used by operating activities:    
Non cash lease expense 49,877 44,041
Employee and director equity-based compensation 7,661,759 469,911
Amortization of deferred R&D obligations participation agreements 0 (434,430)
Amortization of debt discount 0 214,913
Changes in assets and liabilities:    
Prepaid expenses (345,399) (406,592)
Customer deposits 15,000 0
Accounts receivable 3,735 (2,956)
Accounts payable 100,379 378,655
Accounts payable - related party (93,265) 95,670
Lease liabilities (55,422) (47,570)
Accrued liabilities (144,582) 617,432
Net cash (used in) operating activities (2,322,772) (3,114,640)
Cash Flows from Investing Activities:    
Net cash from by investing activities 0 0
Cash Flow from Financing Activities:    
Proceeds of loans payable, other 517,560 605,600
Payments of loans payable, other (230,027) (269,156)
Proceeds of note payable, related party 0 1,000,000
Proceeds from private sales of common stock - other 972,544 0
Proceeds from private sales of common stock - related party 790,781 0
Net cash provided by financing activities 2,050,858 1,336,444
Increase (decrease) in cash (271,914) (1,778,196)
Cash at beginning of period 274,380 1,799,263
Cash at end of period 2,466 21,067
Cash paid during the period for:    
Interest $ 8,223 $ 7,131