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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,025,361) $ (939,825)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 808,362 174,440
Depreciation of property and equipment 199,815 137,971
Accretion of deferred grant reimbursement (40,904) (38,880)
Non-cash lease expense 27,641 (2,482)
Change in fair value of SAFE 128,750
Changes in operating assets and liabilities:    
Grants receivable 328,356 133,080
Prepaid expenses and other current assets 22,403 (55,593)
Accounts payable and other liabilities (78,907) (126,467)
Due to affiliate 2,739 191,416
Taxes Payable (42,267)
Net cash provided by (used in) operating activities (2,798,123) (397,590)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Deferred grant reimbursement 37,236 (22,455)
Purchases of property and equipment (186,045) (178,969)
Net cash (used in) investing activities (148,809) (201,424)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Related party note 3,222,066
SAFE note 515,000
Deferred IPO Costs (107,732)
Net cash (used in) financing activities 3,114,334 515,000
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS 167,402 (84,014)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 66,533 558,570
CASH AND CASH EQUIVALENTS - END OF PERIOD 233,935 474,556
Supplemental disclosures of cash flow information:    
Income taxes (42,267)
Non-cash investing and financing activities:    
Unpaid offering costs included in prepaid expenses (284,602)
Conversion of due to affiliate to related party note 200,000  
Modification of lease - right-of-use asset and lease liability 198,544
Record right-of-use asset and operating lease liability $ 698,249