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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net Loss $ (2,718,612) $ (2,400,371)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization 17,816 4,181
Depreciation 28,979 7,899
Non cash interest expense 3,036 64,512
Stock based compensation expense 384,251 833,902
Expenses paid by parent and affiliates 151,467 474,047
Provision for doubtful accounts 5,814 (0)
Changes in operating assets and liabilities:    
Accounts receivable (26,211) (143,487)
Accounts payable and accrued expenses (129,714) 53,042
Prepaid expenses (60,603) 14,770
Inventory (734,042) (44,607)
Other current assets (10,000)
Other current liabilities (184,701)
Contract assets and liabilities 1,560
Net cash flows from operating activities (3,270,960) (1,136,112)
Investing Activities    
Purchases of financial investments (debt securities) (1,949,204)
Patent costs (131,622) (38,512)
Purchases of property and equipment (34,435) (40,394)
Capitalized software expenditures (18,848)
Net cash flows from investing activities (2,115,261) (97,754)
Financing Activities    
Proceeds from second public offering (see Note 9) 4,115,688
Proceeds from exercises of warrants related to private placement transaction (see Note 9) 391,268
Proceeds from exercise of warrants by stockholders (see Note 9) 2,736,450
Proceeds from exercise of stock options 17,650
Collection of stock subscription receivable 6,684
Payment of deferred offering costs (62,667)
Proceeds from related party convertible debt 1,245,000
Repayment of related party convertible debt (109,499)
Net cash flows from financing activities 7,151,557 1,189,017
Net Change In Cash 1,765,336 (44,849)
Cash at Beginning of Period 3,591,109 79,727
Cash at End of Period 5,356,445 34,878
Significant Non-Cash Transactions    
Expenses paid for by Parent reported as increase in Due to Parent and Affiliates and related party convertible debt $ 151,467 $ 474,047