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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Loss $ (1,606,522) $ (3,330,816) $ (1,927,687)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation expense 12,571 25,143 181
Stock-based compensation   427,300 333,414
Realized (gain) loss on sale of marketable securities   (51,732) 123,379
Amortization of debt discount   50,079
Changes in operating assets and liabilities      
Prepaid expenses   (300,267) (817,732)
Accounts payable and accrued expenses   136,743 104,381
Accounts payable and accrued expenses – related party   (117,436) 230,409
NET CASH USED IN OPERATING ACTIVITIES   (3,211,065) (1,903,576)
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from sale of marketable securities 1,600,000 3,100,000 1,906,684
Purchase of marketable securities 0 (297,120)
NET CASH PROVIDED BY INVESTING ACTIVITIES   2,802,880 1,906,684
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuance of shares and warrants from offering, net of offering costs   44,531
NET CASH PROVIDED BY FINANCING ACTIVITIES   44,531
Effect of exchange rate changes on cash   357 1,138
NET CHANGE IN CASH   (363,297) 4,246
CASH, BEGINNING OF THE PERIOD   1,287,893 215,189
CASH, END OF THE PERIOD $ 924,596 924,596 219,435
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 $ 89,966