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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss for the period $ (11,278,492) $ (5,340,217)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 229,725 621,395
Change in operating lease right-of-use assets 47,572 43,644
Change in fair value of Debentures 200,000 0
Costs to issue Debentures 111,725 0
Non-cash interest expense 0 97,270
Changes in operating assets and liabilities:    
Prepaid expenses (113,201) 106,455
Deferred issuance costs 0 (280,712)
Accounts payable 404,670 655,242
Accrued expenses and other current liabilities 1,065,475 214,697
Operating lease liability (56,113) (40,563)
Related party payable (21,186) (30,850)
Net cash used in operating activities (9,409,825) (3,953,639)
Cash flows from financing activities:    
Net proceeds from issuance of common shares and warrants 9,790,015 5,470,000
Proceeds from issuance of Debentures 4,500,000 0
Proceeds from issuance of convertible notes 0 5,172,500
Proceeds from exercise of warrants 977,398 0
Costs to issue Debentures (54,582) 0
Cash paid for financing costs in connection with SEPA (297,783) 0
Net cash provided by financing activities 14,915,048 10,642,500
Net increase in cash and cash equivalents during the period 5,505,223 6,688,861
Cash and cash equivalents, beginning of the year 4,164,323 1,719,338
Cash and cash equivalents, end of the period 9,669,546 8,408,199
Supplemental disclosure of non-cash investing and financing activities    
Right-of-use assets obtained in exchange for lease liabilities 0 356,805
Issuance costs included in accounts payable 271,618 0
Deferred issuance costs on issued shares related to SEPA $ 300,000 $ 0