XML 14 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net loss $ (1,306,178) $ (1,579,820)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 84,384 254,029
Non-cash interest expense 123,288 124,658
Non-cash operating lease expense 19,147  
Change in operating assets and liabilities:    
Accounts receivable (91,117) (778,833)
Prepaid expenses and other assets 333,307 222,045
Inventories (87,064) (106,936)
Accounts payable and accrued expenses 440,012 343,596
Accrued compensation (493,918) (1,058,129)
Operating lease liabilities (19,370)  
Net cash used in operating activities (997,509) (2,579,390)
Financing activities    
Proceeds from the issuance of common stock pursuant to the ESPP 24,999  
Net cash provided by financing activities 24,999 7,542,719
Net (decrease) increase in cash and cash equivalents (972,510) 4,963,329
Cash and cash equivalents at beginning of period 13,596,600 4,739,426
Cash and cash equivalents at end of period $ 12,624,090 9,702,755
Supplemental disclosure of non-cash investing and financing activities    
Offering costs in accounts payable and accrued expenses   20,926
February 2024 Offering [Member]    
Financing activities    
Proceeds from Issuance Initial Public Offering   6,718,211
Payment of Offering costs   (426,292)
March 2024 Warrant [Member]    
Financing activities    
Proceeds from Warrant Amendment, net of issuance costs   $ 1,250,800