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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (1,724,294) $ (718,096)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 12,572 90
Stock-based compensation 161,861 166,707
Realized (gain) loss on sale of marketable securities (198) 4,432
Amortization of debt discount 24,901
Changes in operating assets and liabilities    
Prepaid expenses 100,031 42,920
Accounts payable and accrued expenses (209,157) 107,212
NET CASH USED IN OPERATING ACTIVITIES (1,659,185) (371,834)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of marketable securities 1,500,000 294,669
Purchase of marketable securities (297,120)
NET CASH PROVIDED BY INVESTING ACTIVITIES 1,202,880 294,669
Effect of exchange rate changes on cash 190 467
NET CHANGE IN CASH (456,115) (76,698)
CASH, BEGINNING OF THE PERIOD 1,287,893 215,189
CASH, END OF THE PERIOD 831,778 138,491
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest expense
Cash paid for income taxes
NONCASH FINANCING AND INVESTING TRANSACTIONS    
Unrealized gain on marketable securities $ 26,587 $ 47,677