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Consolidated Statement of Cash Flows - USD ($)
12 Months Ended 35 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Cash flows from operating activities      
Net income/(loss) $ (58,189,200) $ 50,523,700  
Adjustments to reconcile net income / (loss) to net cash used in operating activities:      
Non-cash interest expense on debt 39,429,100 2,038,700  
Change in fair value of derivative liabilities 2,791,600 (75,809,900)  
Depreciation 60,400 59,100  
Non-cash charge for operating lease 153,800 86,800  
Prepaid expenses and other current assets (1,600) 105,200  
Related party receivable/payable 0 (72,100)  
Accounts receivable 426,900 (507,800)  
Unearned revenue 4,413,100 0  
Operating lease liability (149,600) (82,500)  
Accounts payable 1,332,000 (542,700)  
Net cash used in operating activities (9,733,500) (24,201,500) $ 37,732,000
Cash flows used in investing activities      
Purchases of property and equipment (2,200) (84,500)  
Net cash provided by (used in) investing activities (2,200) (84,500)  
Cash flows provided by financing activities      
Proceeds from convertible promissory notes 3,500,000 15,360,000 40,460,000
Settlement of convertible promissory notes (1,000,000) 0  
Net cash provided by financing activities 2,500,000 15,360,000  
Net change in cash (7,235,700) (8,926,000)  
Cash and cash equivalents, beginning of period 9,808,400 18,734,400  
Cash and cash equivalents, end of period 2,572,700 9,808,400 $ 2,572,700
Supplemental disclosure of cash flow information      
Cash paid for interest 0 0  
Cash paid for taxes 0 0  
Non cash investing and financing activities      
Right of use assets obtained in exchange for operating lease liability $ 0 $ 593,900