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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,599,272) $ (2,154,048)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 18,324 18,324
Amortization 58,542 46,042
Changes in assets and liabilities:    
Inventory 3,200 0
Prepaids and other current assets 148,160 184,428
Accounts payable 4,878 (2,923,125)
Net cash used in operating activities (2,366,168) (4,828,379)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of investments 0 (4,551,049)
Redemptions of investments 6,520,191 5,048,459
Net cash provided by investing activities 6,520,191 497,410
CASH FLOWS FROM FINANCING ACTIVITIES:    
Purchase of common stock (149,514) 0
Issuance of Series B preferred stock 100 0
Net cash used in financing activities (149,414) 0
NET INCREASE (DECREASE) IN CASH 4,004,609 (4,330,969)
BEGINNING CASH BALANCE 3,466,867 8,320,519
ENDING CASH BALANCE 7,471,476 3,989,550
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash payments for interest 0 0
Cash payments for income taxes $ 0 $ 0