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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,700,683) $ (3,908,551)
Adjustments to reconcile net loss to net cash used in operating activities    
Bad debt expense - discontinued operations 69,600
Bad debt recovery (20,000)
Stock-based compensation and professional fees 14,125 156,047
Amortization of prepaid stock-based professional fees 90,067
Net realized loss on equity investments 104,700
Net unrealized loss on equity investments 3,118 331,203
Equity shares earned for lock up agreement (85,733)
Change in operating assets and liabilities:    
Prepaid expenses and other current assets 35,695 55,335
Interest receivable (3,590) (4,800)
Accounts payable and accrued expenses 339,272 (53,721)
Insurance payable
Deferred revenue (72,102) (72,102)
NET CASH USED IN OPERATING ACTIVITIES (3,224,498) (3,497,622)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of short-term investments (4,147,107) 66,707
Collection on note receivable 20,000
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (4,147,107) 86,707
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from sale of common stock 4,940,948
Purchase of treasury stock (471,121)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (471,121) 4,940,948
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS: (7,842,726) 1,530,033
CASH AND CASH EQUIVALENTS - beginning of the year 11,367,034 9,837,001
CASH AND CASH EQUIVALENTS - end of the year 3,524,308 11,367,034
Cash paid during the period for:    
Interest 4,869 2,199
Income taxes 25,159
Non-cash investing and financing activities:    
Change in accumulated other comprehensive loss 6,227
Common stock issued for future services $ 135,100