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Going Concern

6 Months Ended

Jun. 30, 2023

GOING CONCERN

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company sustained net losses of $618,037 and $1,263,757 during the periods ended June 30, 2023 and 2022, respectively, and had cash used in operations of $321,947 during the six months ended June 30, 2023.

Management’s Plans

As of September

, 2023, the date of issuance of these unaudited interim condensed financial statements, the Company expects that its cash and cash equivalents of $1,581,545 of June 30, 2023, together with the approximate $5.0 million of net proceeds received in July 2023 from the Company’s IPO will be sufficient to fund its operating expenses and capital expenditure requirements for at least one year from the date these financial statements are issued.