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LIQUIDITY AND PLAN OF OPERATIONS | 12 Months Ended
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Dec. 31, 2024
Liquidity And Plan Of Operations |
LIQUIDITY AND PLAN OF OPERATIONS | NOTE 2 - LIQUIDITY AND PLAN OF OPERATIONS The Company’s ability to continue to operate is dependent mainly on its ability to successfully market and sell its products and the receipt of additional financing until profitability is achieved. In 2024, the Company’s cash used in operations was $2,516,000, cash used in investing activities of $3,000 from the purchase of property plant and equipment, and received net proceeds of $1,000 from the exercise of prefunded warrants, leaving a cash balance of $752,000 as of December 31, 2024. Because the Company does not have sufficient resources to fund our operation for the next twelve months from the date of this filing, management has substantial doubt of the Company’s ability to continue as a going concern. The Company will need to raise additional capital to finance its losses and negative cash flows from operations and may continue to be dependent on additional capital raising as long as our products do not reach commercial profitability.

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