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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (5,679,911) $ (5,476,018)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock options issued for services 626,512 1,795,842
Amortization of deferred compensation 64,199 73,498
Common stock issued for services and fees 76,977 361,694
Depreciation and amortization of patents 386,498 275,276
Amortization of right of use asset 47,011 46,381
Loss on disposal of property and equipment 3,166
(Increase) decrease in assets    
Accounts receivable (26,384)
Prepaid expenses and other current assets 540,932 (91,853)
(Decrease) increase in liabilities    
Accounts payable (447,102) (427,132)
Accrued bonuses, accrued expenses and other liabilities (99,381) (248,151)
Accounts payable and accrued expenses-related parties (215,886) (1,367)
Deferred revenue (4,167)
Deferred lease liability (10,445) (10,445)
Operating lease liability (34,227) (46,381)
Net cash used in operating activities (4,772,208) (3,748,656)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cost of intangibles (53,097) (106,475)
Purchase of property and equipment (775,377) (246,053)
Repayment of loan 642,120
Net cash (used in) provided by investing activities (828,474) 289,592
CASH FLOWS FROM FINANCING ACTIVITIES    
Exercise of options and warrants 194,850 25,750
Issuance of common stock, institutional investor 5,152,350 5,499,377
Common stock sales at the market by investment banking company 330,453
Net cash provided by financing activities 5,677,653 5,525,127
NET INCREASE IN CASH AND CASH EQUIVALENTS 76,971 2,066,063
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 31,432,087 24,102,151
CASH AND CASH EQUIVALENTS - END OF PERIOD $ 31,509,058 $ 26,168,214