Quarterly report [Sections 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, 2025
Jun. 30, 2024
Cash Flows for Operating Activities:    
Net loss $ (5,851,418) $ (9,514,854)
Adjustments to reconcile net loss to net cash used by operating activities:    
Non-cash lease expense (14,828) 49,877
Employee and director equity-based compensation 937,288 7,661,759
Other expenses related to extinguishment of colicense agreements 2,738,282 0
Changes in assets and liabilities:    
Prepaid expenses (274,918) (345,399)
Customer deposits 34,364 15,000
Accounts receivable (32,153) 3,735
Accounts payable 313,849 100,379
Accounts payable - related party (124,706) (93,265)
Lease liabilities 29,818 (55,422)
Accrued liabilities 337,774 (144,582)
Net cash (used in) operating activities (1,906,648) (2,322,772)
Cash Flows from Investing Activities:    
Net cash from by investing activities 0 0
Cash Flow from Financing Activities:    
Proceeds of loans payable, other 488,198 517,560
Payments of loans payable, other (195,279) (230,027)
Payment of term debt (68,890) 0
Proceeds from private sales of common stock - other 100,000 972,544
Proceeds from private sales of common stock - related party 50,000 790,781
Net cash provided by financing activities 374,029 2,050,858
Increase (decrease) in cash (1,532,619) (271,914)
Cash at beginning of period 1,542,442 274,380
Cash at end of period 9,823 2,466
Supplemental disclosures of cash flow information:    
Interest 8,242 8,223
Income Taxes $ 0 $ 0