Cash Flow

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows for Operating Activities:    
Net loss $ (1,278,486) $ (1,973,142)
Adjustments to reconcile net loss to net cash used by operating activities:    
Non cash lease expense 24,559 21,590
Employee and director equity-based compensation 112,104 242,102
Amortization of deferred R&D obligations participation agreements 0 (125,028)
Changes in assets and liabilities:    
Prepaid expenses (420,979) (617,197)
Accounts payable (287,249) 141,110
Accounts payable - related party 38,500 38,500
Lease liabilities (27,309) (23,069)
Accrued liabilities 139,742 166,161
Net cash (used in) operating activities (1,699,118) (2,128,973)
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 (57,507) (67,289)
Proceeds from private sales of common stock - other 972,544 0
Proceeds from private sales of common stock - related party 130,782 0
Net cash provided by financing activities 1,563,379 538,311
Increase (decrease) in cash (135,739) (1,590,662)
Cash at beginning of period 274,380 1,799,263
Cash at end of period 138,641 208,601
Cash paid during the period for:    
Interest $ 2,056 $ 2,377

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