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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Loss $ (640,785) $ (3,971,601) $ (3,324,313)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation expense 12,571 37,715 1,600
Stock-based compensation   677,703 500,121
Realized (gain) loss on sale of marketable securities   (51,732) 146,554
Amortization of debt discount   75,533
Gain on settlement of accrued liabilities (21,000)
Changes in operating assets and liabilities      
Prepaid expenses   (222,879) (47,137)
Accounts payable and accrued expenses   244,532 (11,542)
Accounts payable and accrued expenses – related party   (110,464) 120,842
NET CASH USED IN OPERATING ACTIVITIES   (3,396,726) (2,559,342)
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from sale of marketable securities 0 3,100,000 2,566,192
Purchase of marketable securities 0 (297,120) (12,979)
Purchase of fixed assets   (55,806)
NET CASH PROVIDED BY INVESTING ACTIVITIES   2,802,880 2,497,407
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuance of shares from offering, net of offering costs   361,490
NET CASH PROVIDED BY FINANCING ACTIVITIES   361,490
Effect of exchange rate changes on cash   268 78
NET CHANGE IN CASH   (232,088) (61,857)
CASH, BEGINNING OF THE PERIOD   1,287,893 215,189
CASH, END OF THE PERIOD $ 1,055,805 1,055,805 153,332
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 $ 55,503