XML 17 R5.htm IDEA: XBRL DOCUMENT v3.25.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,871,400) $ (2,599,272)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 3,485 18,324
Amortization 61,319 58,542
Changes in assets and liabilities:    
Inventory 1,200 3,200
Prepaids and other current assets 105,114 148,160
Accounts payable (10,080) 4,878
Accrued expenses (39,920) 0
Net cash used in operating activities (2,750,282) (2,366,168)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Redemptions of investments 0 6,520,191
Net cash provided by investing activities 0 6,520,191
CASH FLOWS FROM FINANCING ACTIVITIES:    
Purchase of treasury stock (10,000) (149,514)
Proceeds from exercise of warrants, net of issuance costs 3,364,000 0
Proceeds from sale of Series B preferred stock 0 100
Net cash provided by (used in) financing activities 3,354,000 (149,414)
NET INCREASE IN CASH 603,718 4,004,609
BEGINNING CASH BALANCE 5,940,402 3,466,867
ENDING CASH BALANCE 6,544,120 7,471,476
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash payments for interest 0 0
Cash payments for income taxes $ 0 $ 0