XML 26 R8.htm IDEA: XBRL DOCUMENT v3.24.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,948,097) $ (1,421,172)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization expense 10,649 4,189
Stock-based compensation 936,354
Realized gain on short-term investments (20,662)
Impairment loss 52,363
Change in operating assets and liabilities:    
Accounts receivable (8)
Prepaid expenses and other current assets (24,732) (400)
Accounts payable (29,930) 148,761
Accrued expenses 43,471 8,197
NET CASH USED IN OPERATING ACTIVITIES (2,980,592) (1,260,425)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of short-term investments (3,491,242)
Proceeds from sale of short-term investments 1,015,000
Increase in capitalized internal-use software development costs (56,971)
Purchase of intangible asset (62,836)
NET CASH USED IN INVESTING ACTIVITIES (2,533,213) (62,836)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the sale of common stock 5,958,470
Proceeds from subscriptions receivable 37,500
Payment of deferred offering costs (112,599)
Purchase and cancellation of treasury shares (99,736)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 5,858,734 (75,099)
NET INCREASE (DECREASE) IN CASH 344,929 (1,398,360)
CASH, beginning of year 679,781 2,078,141
CASH, end of year 1,024,710 679,781
Cash paid for:    
Interest
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Reclassification of deferred offering costs to equity 202,599
Unrealized gain on short-term investments 95,785
Increase in digital currency and accounts payable 801
Deferred offering costs in accounts payable $ 90,000