Annual report [Section 13 and 15(d), not S-K Item 405]

Statement of Cash Flows, Real Estate, Including REITs

v3.25.1
Statement of Cash Flows, Real Estate, Including REITs - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net Loss $ (13,384,836) $ (7,777,184)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization on debt discount 0 439,594
Employee and director equity-based compensation expense 9,473,513 867,359
Amortization of operating lease - right of use asset 98,280 91,002
Amortization of deferred R&D obligations - participation agreements 0 (701,332)
Changes in assets and liabilities:    
Prepaid expenses 56,473 (44,846)
Security deposits 24,378 0
Accounts payable (446,000) 502,420
Accounts payable - related party 22,092 172,670
Accounts receivable 1,524 (3,735)
Lease liabilities (106,342) (98,835)
Accrued liabilities (52,592) 752,994
Net cash (used) in operating activities (4,313,510) (5,799,893)
Cash flows from investing activities:    
Net cash (used) in investing activities 0 0
Cash Flow from Financing Activities:    
Proceeds of loans payable, other 517,560 605,600
Payment of loans payable, other (517,560) (605,600)
Proceeds of loans payable, related party 0 1,150,000
Payment of loans payable, related party 0 (1,150,000)
Proceeds from private placement of registered securities, net 0 3,634,963
Exercise of common stock warrants 0 47
Payment of term debt (20,697) 0
Proceeds from direct sale of common stock, related party 1,318,882 485,000
Proceeds from direct sales of common stock 4,283,387 155,000
Net cash provided by financing activities 5,581,572 4,275,010
Decrease in cash 1,268,062 (1,524,883)
Cash at beginning of period 274,380 1,799,263
Cash at end of period 1,542,442 274,380
Cash paid during the period for:    
Interest 18,955 72,178
Income taxes $ 0 $ 0