Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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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 $ (4,134,578) $ (6,552,353)
Adjustments to reconcile net loss to net cash used in operating activities:    
Acquired in-process research and development 0 1,793,750
Amortization of right of use asset 0 27,043
Share-based expense 283,085 511,480
Changes in operating assets and liabilities:    
Prepaid expenses and other (47,734) (103,738)
Other long-term assets 48,579 25,000
Accounts payable, accrued expenses and other liabilities (263,571) (347,947)
Net cash used in operating activities (4,114,219) (4,646,765)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash paid to acquire in-process research and development 0 (500,000)
Net cash used in investing activities 0 (500,000)
Net change in cash (4,114,219) (5,146,765)
Cash at beginning of period 13,097,265 18,244,030
Cash at end of period 8,983,046 13,097,265
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 0 0
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of common stock to acquire in-process research and development 0 1,293,750
Issuance of common stock to adjust for Reverse Stock Split 16 0
Conversion of Series A preferred stock to common stock $ 970 $ 0