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Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows From Operating Activities:      
Net loss $ (12,172,029) $ (16,495,680) $ (11,946,078)
Adjustments to reconcile net loss to net cash used in operating activities:      
Periodic pension costs 59,526 (34,142) 47,183
Depreciation expense 11,408 11,408 10,050
Stock-based compensation 164,906 22,730
Provision of doubtful accounts 77,714
Amortization of debt discounts 67,008 41,611
Loss on conversion of convertible notes payable 922,495
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (632,125) 698,116 (188,954)
Other receivables, net – related parties (21,804)
Accounts payable 2,260,258 636,263 (2,269,460)
Interest payable 25,605 20,121 (313,342)
Other accrued liabilities 640,228 319,989 (334,045)
Other long term liabilities (42,243) (47,679) (38,919)
Net cash used in operating activities (9,684,466) (13,879,371) (14,936,044)
Cash Flows From Investing Activities:      
Purchases of property and equipment (39,560)
Net cash used in investing activities (39,560)
Cash Flows From Financing Activities:      
Proceeds from the issuance of common shares in initial public offering, net 11,001,569
Proceeds from the issuance of common shares in ATM financing 30,993
Proceeds from the issuance of common shares in registered direct offerings, net 1,911,513
Proceeds from the issuance of common shares in private placement offerings, net 7,275,549  
Proceeds from the issuance of pre-funded warrants, net 5,348,882
Proceeds from issuance of convertible notes payable 1,530,000
Exercise of pre-funded warrants 23,692
Payments on note payable (704,160)
Proceeds from the issuance of warrants, net 1,980,200 6,742,638
Exercise of warrants 1,149,550
Proceeds from related party short term loan 1,633,746 108,610
Payment on Swiss government loan (277,537)
Payment on second credit facility (150,000)
Payment on convertible loans (420,020)
Payment on convertible loans – related party (111,730)
Payment on bridge loan (670,380)
Payment of shareholder loans (583,443)
Proceeds from the issuance of common shares in equity transactions, net 3,548,582
Net cash provided by financing activities 1,633,746 17,396,669 20,337,839
Effect of exchange rate on cash and cash equivalents (100) (24,744)
Change in cash and cash equivalents (8,050,720) 3,517,198 5,337,491
Cash and cash equivalents at the beginning of period 8,948,400 5,431,202 93,711
Cash and cash equivalents at the end of period 897,680 8,948,400 5,431,202
Supplemental disclosure of non-cash investing and financing activities:      
Cash paid for interest 145,153 13,248 339,932
Issuance of note payable for prepaid insurance 704,160
Deferred financing costs transferred to additional paid in capital 946,912
Issuance of common shares to consultant for payment of expenses 50,000
Issuance of common shares to Yorkville for partial payment of commitment fees 59,455
Debt discount on convertible loans 67,008
Debt discount on convertible loan – related party