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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (11,699,595) $ (10,933,765)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock options issued for services 2,337,460 3,389,804
Amortization of deferred compensation 203,521 133,854
Common stock issued for commitment shares 105,960 582,426
Depreciation and amortization of patents 804,737 531,046
Amortization of right of use asset 94,753 92,812
Loss on disposal of property and equipment 3,166 581
(Increase) decrease in assets    
Accounts receivable 22,311
Prepaid expenses and other current assets 476,730 (162,748)
(Decrease) increase in liabilities    
Accounts payable (529,626) (369,688)
Accrued bonuses, accrued expenses and other liabilities (382,652) (325,386)
Accounts payable and accrued expenses-related parties (161,223) 115,879
Deferred revenue (8,334) 50,000
Deferred lease liability (20,889) (20,889)
Operating lease liability (70,107) (87,934)
Net cash used in operating activities (8,823,788) (7,004,008)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cost of intangibles (67,445) (177,245)
Purchase of property and equipment (1,585,772) (978,560)
Repayment of loan 642,120
Sale of property and equipment 590
Net cash used in investing activities (1,653,217) (513,095)
CASH FLOWS FROM FINANCING ACTIVITIES    
Exercise of options and warrants 245,250 456,801
Issuance of common stock, institutional investor 7,495,600 14,950,409
Common stock sales at the market by investment banking company 499,883 643,529
Net cash provided by financing activities 8,240,733 16,050,739
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (2,236,272) 8,533,636
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 31,432,087 24,102,151
CASH AND CASH EQUIVALENTS - END OF PERIOD $ 29,195,815 $ 32,635,787