XML 16 R6.htm IDEA: XBRL DOCUMENT v3.25.2
Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (11,757,127) $ (6,087,359)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 996,505 1,961,277
Change in fair value of warrants (418,000) (10,761,000)
Non-cash other financing costs   1,296,060
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (950,568) 3,404,856
Accounts payable (1,331,663) 2,101,820
Accrued expenses 255,800 (2,323,591)
Net cash used in operating activities (13,205,053) (10,407,937)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net 19,783,423 8,110,984
Proceeds from exercise of warrants   540,000
Net cash provided by financing activities 19,783,423 8,650,984
Net increase (decrease) in cash and cash equivalents 6,578,370 (1,756,953)
Cash and cash equivalents, beginning of period 10,551,916 5,754,720
Cash and cash equivalents, end of period $ 17,130,286 3,997,767
Supplemental disclosure of cash flow information:    
Reduction in value of warrants related to exercises   684,000
Cash paid for financing costs   $ 50,000