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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,392,880) $ (3,700,683)
Adjustments to reconcile net loss to net cash used in operating activities    
Bad debt expense - discontinued operations 69,600
Stock-based compensation and professional fees 14,125
Amortization of prepaid stock-based professional fees 90,067
Amortization expense 6,185
Net realized loss on short-term investments 1,025
Net unrealized loss on equity investments 3,118
Change in operating assets and liabilities:    
Prepaid expenses and other current assets (9,149) 35,695
Interest receivable (3,590)
Accounts payable and accrued expenses 633,007 339,272
Deferred revenue (72,102) (72,102)
NET CASH USED IN OPERATING ACTIVITIES (3,833,914) (3,224,498)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of short-term debt investments 1,149,320
Purchase of short-term investments (175,543) (4,147,107)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 973,777 (4,147,107)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of common stock and pre-funded warrants 1,673,216
Proceeds from sale of common stock and warrants 1,741,522
Proceeds from exercise of pre-funded warrants 3
Purchase of treasury stock (173,113) (471,121)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 3,241,628 (471,121)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 381,491 (7,842,726)
CASH AND CASH EQUIVALENTS - beginning of the year 3,524,308 11,367,034
CASH AND CASH EQUIVALENTS - end of the year 3,905,799 3,524,308
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 5,084 4,869
Income taxes
Non-cash investing and financing activities:    
Change in accumulated other comprehensive income (loss) 8,646 (6,227)
Increase in intangible assets and accounts payable and accrued expenses 247,400
Cancellation of treasury stock $ 644,234