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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net Loss $ (4,771,012) $ (2,819,584)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,355,181 456,904
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (266,889) (194,796)
Prepaid project costs and other long-term assets (173,757) 3,375
Accounts payable and accrued liabilities 556,624 676,095
Net Cash Used in Operating Activities (3,299,853) (1,878,006)
Net Cash Used in Investing Activities 0 0
Financing Activities    
Net proceeds from the issuances of common stock 20,213,195 1,221,982
Net proceeds from the exercise of stock options 220,697 0
Payments for taxes related to net share settlement of equity awards (194,878) 0
Net Cash Provided by Financing Activities 20,239,014 1,221,982
Net Increase (Decrease) in Cash and Cash Equivalents 16,939,161 (656,024)
Cash and Cash Equivalents, Beginning of Period 39,990,827 28,598,445
Cash and Cash Equivalents, End of Period 56,929,988 27,942,421
Cash paid during the period:    
Interest paid 0 0
Income taxes paid 0 0
Non-Cash Financing Activities:    
Payment of accrued liabilities with common stock $ 15,000 $ 15,000