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 ($)
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (4,755,923) $ (5,895,423)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 22,606
Stock-based compensation expense 127,564 143,594
Changes in operating assets and liabilities:    
Other receivables (13,163)
Prepaid expenses and other current assets 111,939 1,232,949
Operating lease right of use assets 9,811 98,184
Accounts payable and accrued expenses (92,358) (274,070)
Change in operating lease liabilities (9,811)
Net cash used in operating activities (4,608,778) (4,685,323)
Cash flows from financing activities:    
Payments on short-term notes payable (312,703) (267,640)
Net proceeds from issuance of common stock 2,786,601
Net cash provided by (used in) financing activities 2,473,898 (267,640)
Net decrease in cash and cash equivalents (2,134,880) (4,952,963)
Cash and cash equivalents at beginning of period 3,483,501 11,426,785
Cash and cash equivalents at end of period 1,348,621 6,473,822
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 8,888 $ 3,347