Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (2,450,833) $ (2,844,837)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 11,303
Stock-based compensation expense 69,344 79,966
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 11,061 300,085
Operating lease right of use assets 9,811 48,716
Accounts payable and accrued expenses (693,821) 346,309
Change in operating lease liabilities (9,811) (50,237)
Net cash used in operating activities (3,064,249) (2,108,695)
Cash flows from financing activities:    
Payments on short-term notes payable (185,863) (159,750)
Net proceeds from issuance of common stock 1,838,600
Net cash provided by (used in) financing activities 1,652,737 (159,750)
Net decrease in cash and cash equivalents (1,411,512) (2,268,445)
Cash and cash equivalents at beginning of period 3,483,501 11,426,785
Cash and cash equivalents at end of period 2,071,989 9,158,340
Supplemental disclosure of cash flow information:    
Interest paid $ 7,085 $ 3,347