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v3.25.2

Condensed Consolidated Statements of Cash Flows - USD ($) | 6 Months Ended
--- | ---
Jun. 30, 2025 | Jun. 30, 2024
Cash flows from operating activities |  |
Net Loss | $ (17,464,932) | $ (6,258,745)
Adjustments to reconcile net loss to net cash used in operating activities: |  |
Share-based compensation expense | 457,310 | 81,583
Change in fair value of warrant liability |  | (44,954)
Changes in operating assets and liabilities: |  |
Prepaid expenses and other current assets | 620,912 | 603,865
Accounts payable | 1,042,716 | (5,827,969)
Accrued liabilities | 6,562,946 | (349,737)
Net cash used in operating activities | (8,781,048) | (11,795,957)
Cash flows from financing activities |  |
Proceeds from issuance of Common Shares from ATM Offering, net of issuance costs |  | 190,274
Net cash provided by financing activities |  | 190,274
Net decrease in cash | (8,781,048) | (11,605,683)
Cash at beginning of period | 13,291,167 | 12,598,146
Cash at end of period | 4,510,119 | 992,463
Noncash financing activities |  |
(Decrease) increase in share-based compensation liability on CAD denominated share options (increasing) decreasing additional paid-in-capital | $ (136,868) | 43,486
Deferred financing costs included in accounts payable and accrued liabilities |  | 99,555
Supplemental disclosure of cash flow information |  |
Cash paid for interest |  | $ 76,744

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