XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net loss $ (7,600,197) $ (3,294,441)
Adjustments to reconcile net loss to net cash used in operations:    
Amortization expense 91,585 74,354
Lease expense 41,587 32,083
Depreciation expense 15,111 15,111
Stock options expense 705,030 1,109,603
Common stock issued for services 4,684,260
Changes in operating assets and liabilities:    
Prepaid expenses (62,779) 80,462
Prepaid expenses - noncurrent portion (27,845)
Accounts payable 22,229 (87,232)
Investor deposits 300,000
Lease liability (41,587) (32,083)
Accrued expenses 105,011 186,606
Net cash used in operating activities (1,767,595) (1,915,537)
Cash flows from investing activities    
Additions to intellectual property (228,896) (218,919)
Net cash used in investing activities (228,896) (218,919)
Cash flows from financing activities    
Proceeds from issuance of common stock 5,308,000 1,920,000
Borrowing from related parties 112,359 900,000
Net cash provided by financing activities 5,420,359 2,820,000
Effect of exchange rate changes on cash (68)
Net change in cash and cash equivalents 3,423,800 685,544
Cash and cash equivalents, beginning of period 350,565 219,781
Cash and cash equivalents, end of period 3,774,365 905,325
Supplementary disclosure for noncash activities:    
Common stock issued for future services $ 105,000