XML 16 R6.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net loss $ (3,540,825) $ (4,111,844)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,318 3,318
Equity-based compensation expense 79,535 222,685
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (502,224) 506,888
Accounts payable 27,132 (437,052)
Accrued expenses and other current liabilities 242,364 33,186
Net cash used in operating activities (3,690,700) (3,782,819)
Investing activities    
Short Term Promissory Note (200,000) 0
Net cash used in investing activities (200,000) 0
Financing activities    
Proceeds from issuance of equity securities, net 6,487,718 1,526,460
Payments on note payable (221,866) (359,522)
Net cash provided by (used in) provided by financing activities 6,265,852 1,166,938
Net decrease in cash and cash equivalents 2,375,152 (2,615,881)
Cash and cash equivalents at beginning of period 2,434,528 5,899,910
Cash and cash equivalents at end of period 4,809,680 3,284,029
Non-cash investing and financing activities:    
Cash paid for interest 5,800 12,064
Accrued issuance costs for issuance of equity securities 290,058 0
Insurance premium financed by note payable $ 0 $ 398,728