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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ (4,070,589) $ 444,987
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:    
Depreciation expense 31,678 17,024
Stock-based compensation expense 136,207 201,571
Non-cash loss on change in fair value of warrant liability 124,502
Amortization of discounts on marketable investment securities (92,625) (411,145)
Changes in operating assets and liabilities:    
Accrued interest income (1,285) (11,382)
Prepaid and other current assets 205,286 476,373
Accounts payable 171,298 (947,179)
Accrued expenses (235,461) 14,991
Cash used in operating activities (3,855,491) (90,258)
Cash flows from investing activities:    
Purchases of marketable investment securities (5,082,073) (17,537,469)
Maturities of marketable investment securities 8,700,000 18,200,000
Net cash provided by investing activities 3,617,927 662,531
Cash flows from financing activities:    
Net proceeds from sale of common stock through ATM 75,618 209,340
Cash provided by financing activities 75,618 209,340
Net increase (decrease) in cash and cash equivalents (161,946) 781,613
Cash and cash equivalents at beginning of period 6,205,926 4,771,758
Cash and cash equivalents at end of period 6,043,980 5,553,371
Supplemental disclosure of cash flow information:    
Income taxes paid 681
Supplemental disclosure of non-cash investing and financing activity:    
Net unrealized loss on available-for-sale securities $ (10,381) $ (16,978)