XML 16 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (1,440,005) $ (1,724,294)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 12,572 12,572
Stock-based compensation 236,014 161,861
Realized gain on sale of marketable securities (198)
Changes in operating assets and liabilities    
Prepaid expenses (10,818) 100,031
Accounts payable and accrued expenses 174,095 (209,157)
Accounts payable and accrued expenses – related party (39,875)
NET CASH USED IN OPERATING ACTIVITIES (1,068,017) (1,659,185)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of marketable securities 1,500,000
Purchase of marketable securities (297,120)
NET CASH PROVIDED BY INVESTING ACTIVITIES 1,202,880
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of shares from offering, net of offering costs 102,519
NET CASH PROVIDED BY FINANCING ACTIVITIES 102,519
Effect of exchange rate changes on cash (11) 190
NET CHANGE IN CASH (965,509) (456,115)
CASH, BEGINNING OF THE PERIOD 1,838,469 1,287,893
CASH, END OF THE PERIOD 872,960 831,778
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