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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (16,729,642) $ (18,374,354)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 73,727 51,956
Stock-based compensation expense 389,299 813,499
Changes in assets and liabilities:    
Accounts receivable (547,574) 0
Prepaid expenses and other current assets 312,840 707,084
Other assets (1,116,778) (986,498)
Accounts payable and accrued expenses (911,709) 2,333,791
Total adjustments (192,319) 3,478,660
Net cash used in operating activities (16,921,961) (14,895,694)
Cash flows from investing activities:    
Purchase of equipment (20,653) (29,997)
Net cash used in investing activities (20,653) (29,997)
Cash flows from financing activities:    
Net proceeds from issuance of notes payable – related parties 135,000 0
Repayment of notes payable – related parties (150,000) 0
Net proceeds from sale of common stock and warrants 16,730,415 0
Net proceeds from warrant exercise 2,367,133 0
Net cash provided by financing activities 19,082,548 0
Net increase (decrease) in cash and cash equivalents 2,139,934 (14,925,691)
Cash and cash equivalents at beginning of period 6,452,589 27,612,732
Cash and cash equivalents at end of period $ 8,592,523 $ 12,687,041