XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (5,357,651) $ (5,850,132)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 16,921 19,576
Stock-based compensation expense 292,744 157,736
Changes in assets and liabilities:    
Government contract receivable (838,136) 0
Prepaid expenses and other current assets (92,440) 677,033
Other assets 0 882,097
Accounts payable and accrued expenses (171,998) (215,974)
Total adjustments (608,029) 166,402
Net cash used in operating activities (5,965,680) (5,683,730)
Cash flows from investing activities:    
Purchase of equipment (16,894) 0
Net cash used in investing activities (16,894) 0
Cash flows from financing activities:    
Net proceeds from sale of common stock and warrants 7,914,402 0
Net cash provided by financing activities 7,914,402 0
Net increase (decrease) in cash and cash equivalents 1,931,828 (5,683,730)
Cash and cash equivalents at beginning of period 5,506,941 6,452,589
Cash and cash equivalents at end of period $ 7,438,769 $ 768,859