v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows From Operating Activities:    
Net loss $ (7,996,062) $ (6,251,817)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 104,529 90,418
Dividend and interest income (176,542) (327,065)
Stock-based compensation 2,477,834 2,352,696
Non-cash lease expense 73,301
Gain on exchange of warrants (1,711,698)
Change in fair value of warrant liabilities 59,528 1,873,930
Changes in operating assets and liabilities:    
Accounts receivable 173,400 (8,100)
Prepaid expenses and other current assets 21,359 (39,040)
Accounts payable 126,861 26,531
Accrued expenses and other current liabilities (263,560) (264,064)
Deferred revenue 80,700
Lease liability (78,737)
Net Cash Used In Operating Activities (5,472,653) (4,182,945)
Cash Flows From Investing Activities:    
Sale of marketable securities 6,664,238 10,865,000
Purchase of marketable securities (2,128,680) (12,784,535)
Purchases of equipment (36,400) (35,296)
Net Cash Provided By (Used In) Investing Activities 4,499,158 (1,954,831)
Cash Flows From Financing Activities:    
Proceeds from issuance of common stock in at-the-market offering 2,011,250
Payment of issuance costs (72,805)
Exercise of stock options 42,411
Proceeds from exchange and issuance of warrants, net 7,528,027
Deferred offering costs (22,381)
Net Cash Provided By Financing Activities 1,980,856 7,505,646
Net Increase In Cash and Cash Equivalents 1,007,361 1,367,870
Cash and Cash Equivalents - Beginning of the Period 547,890 884,377
Cash and Cash Equivalents - End of the Period 1,555,251 2,252,247
Supplemental Disclosures of Cash Flow Information:    
Interest
Income taxes
Non-cash investing and financing activities:    
Return and cancellation of shares in lieu of payroll tax withholding 48,410
Issuance of common stock held in abeyance 6 15
Reclassification of deferred offering costs $ 148,697

Source

10-Q XBRL Zip