v3.25.2
Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Cash flows from operating activities:              
Net loss $ (1,701,093) $ (2,303,587) $ (2,829,106) $ (3,134,262) $ (4,004,680) $ (5,963,368)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Stock-based compensation 39,234   19,608   76,422 606,842  
Increase (decrease) in cash resulting from changes in:              
Prepaid expenses and other current assets         212,732 367,802  
Accounts payable         (356,816) 360,253  
Accrued and other current liabilities         (552,205) (201,936)  
Total adjustments to reconcile net loss to net cash used in operations         (619,867) 1,132,961  
Net cash used in operating activities         (4,624,547) (4,830,407) $ (11,100,000)
Cash flows from financing activities:              
Proceeds from issuance of Common Stock and warrants, net of issuance costs         7,993,425 2,410,200  
Payment of prior period issuance costs         (50,495)  
Issuance costs paid setting up ATM agreement         (70,000)  
Proceeds from exercise of pre-funded warrants         977  
Payment for fractional shares in reverse stock split         (828)  
Net cash provided by financing activities         7,943,907 2,339,372  
Net increase (decrease) in cash and cash equivalents         3,319,360 (2,491,035)  
Cash and cash equivalents at beginning of period   $ 3,161,570   $ 7,438,135 3,161,570 7,438,135 7,438,135
Cash and cash equivalents at end of period $ 6,480,930   $ 4,947,100   6,480,930 4,947,100 $ 3,161,570
Non-cash financing activities:              
March 2025 Warrant Inducement issuance costs in accounts payable         12,987  
Issuance of abeyance shares         (4) (2)  
May 2024 Warrant Reload issuance costs in accounts payable         89,737  
Deferred financing costs included in accounts payable or accrued expenses         46,755  
Supplemental disclosure:              
Cash paid for taxes         $ 950 $ 950  

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