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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net loss $ (1,709,533) $ (1,715,290)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,106 1,107
Equity-based compensation expense 33,534 77,508
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 46,328 175,052
Accounts payable 254,645 111,104
Accrued expenses and other current liabilities 192,206 (3,436)
Net cash used in operating activities (1,181,714) (1,353,955)
Financing activities    
Proceeds from issuance of equity securities, net 655,202 38
Payments on note payable (109,636) (172,788)
Net cash (used in) provided by financing activities 545,566 (172,750)
Net decrease in cash and cash equivalents (636,148) (1,526,705)
Cash, cash equivalents and restricted cash at beginning of period 2,434,528 5,899,910
Cash, cash equivalents and restricted cash at end of period 1,798,380 4,373,205
Non-cash investing and financing activities:    
Cash paid for interest 4,094 4,019
Accrued issuance costs for issuance of equity securities $ 429,032 $ 0