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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net loss for the period $ (9,042,311) $ (5,102,408)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 599,306 112,277
Non-cash interest expense 379,254 0
Change in operating lease right-of-use assets 26,402 23,480
Loss on SEPA settlements 127,083 0
Changes in operating assets and liabilities:    
Prepaid expenses 169,351 122,639
Accounts payable (1,263,656) 655,634
Accrued expenses and other current liabilities 44,650 299,203
Operating lease liability (40,514) (27,575)
Related party payable 30,747 (24,244)
Net cash used in operating activities (8,969,688) (3,940,994)
Cash flows from financing activities    
Net proceeds from issuance of common shares and warrants 0 3,784,101
Cash paid for financing costs in connection with SEPA 0 (25,000)
Repayment of the debentures and other loan (3,184,908) 0
Proceeds from issuance of common shares under SEPA 4,102,740 0
Proceeds from issuance of common shares under ATM, net of issuance costs 5,907,319 0
Net cash provided by financing activities 6,825,151 3,759,101
Foreign currency effect on cash and cash equivalents (195,057) 0
Net decrease in cash and cash equivalents during the period (2,339,594) (181,893)
Cash and cash equivalents, beginning of the period 8,705,218 4,164,323
Cash and cash equivalents, end of the period 6,365,624 3,982,430
Supplemental information    
Cash paid for interest 96,393 0
Supplemental disclosure of non-cash investing and financing activities    
Deferred issuance costs on issued shares related to SEPA agreement 0 300,000
Receivable for proceeds of warrant exercises 0 14,000
Issuance costs included in accounts payable $ 0 $ 95,120