v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows From Operating Activities:    
Net loss $ (2,154,405) $ (5,339,799)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 52,394 51,781
Dividend and interest income (6,064) (102,799)
Stock-based compensation 290,215 2,009,126
Change in fair value of warrant liabilities (1,220,121) 634,119
Changes in operating assets and liabilities:    
Accounts receivable 2,200 163,400
Prepaid expenses and other current assets (25,938) 5,830
Accounts payable (682,003) 116,431
Accrued expenses and other current liabilities (64,070) (466,875)
Deferred revenue 150,000
Net Cash Used In Operating Activities (3,807,792) (2,778,786)
Cash Flows From Investing Activities:    
Sale of marketable securities 1,043,367 3,456,535
Purchase of marketable securities (74,920) (1,053,168)
Purchases of equipment (36,400)
Net Cash Provided By Investing Activities 968,447 2,366,967
Cash Flows From Financing Activities:    
Proceeds from issuance of common stock in at-the-market offering 1,083,915
Proceeds from issuance of common stock and pre-funded warrants in registered direct offering 5,000,000
Payment of issuance costs (559,164) (33,608)
Exercise of stock options 42,411
Net Cash Provided By Financing Activities 4,440,836 1,092,718
Net Increase In Cash and Cash Equivalents 1,601,491 680,899
Cash and Cash Equivalents - Beginning of the Period 1,511,188 547,890
Cash and Cash Equivalents - End of the Period 3,112,679 1,228,789
Supplemental Disclosures of Cash Flow Information:    
Interest 983
Income taxes
Non-cash investing and financing activities:    
Conversion of Series B Convertible Preferred Stock into Common Stock 13,982
Issuance of common stock held in abeyance 92 6
Reclassification of deferred offering costs to equity 49,808 148,697
Issuance costs included in accounts payable 7,406
Issuance costs included in accrued expenses 29,762
Reclassification of warrant liabilities to equity $ 179,228

Source

10-Q XBRL Zip