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, 2023
Jun. 30, 2022
Cash Flows for Operating Activities:    
Net loss $ (4,043,714) $ (4,100,159)
Adjustments to reconcile net loss to net cash used by operating activities:    
Non cash lease expense 44,041 41,297
Amortization of deferred R&D obligations participation agreements (434,430) (407,085)
Amortization of debt discount 214,913 0
Employee and director equity compensations 469,911 1,068,373
Changes in assets and liabilities:    
Prepaid expenses (406,592) (459,036)
Accounts payable 474,325 (246,495)
Lease liabilities (47,570) (17,598)
Security deposits 0 (29,058)
Accounts receivable (2,956) 0
Accrued liabilities 617,432 (17,616)
Net cash (used in) operating activities (3,114,640) (4,167,377)
Cash Flows from Investing Activities:    
Net cash from by investing activities 0 0
Cash Flow from Financing Activities:    
Proceeds of notes payable, other 605,600 628,600
Payments of notes payable, other (269,156) (279,378)
Proceeds of note payable, related party 1,000,000 0
Net cash provided by financing activities 1,336,444 349,222
Increase/(Decrease) in Cash (1,778,196) (3,818,155)
Cash at Beginning of Period 1,799,263 8,901,875
Cash at End of Period 21,067 5,083,720
Cash paid during the period for:    
Interest 7,131 4,853
Income Taxes $ 0 $ 0