Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,960,275) $ (4,134,578)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based expense 171,814 283,085
Changes in operating assets and liabilities:    
Prepaid expenses and other 181,874 (47,734)
Other long-term assets 704,431 48,579
Accounts payable, accrued expenses and other liabilities 84,678 (263,571)
Net cash used in operating activities (2,817,478) (4,114,219)
Net change in cash (2,817,478) (4,114,219)
Cash at beginning of period 8,983,046 13,097,265
Cash at end of period 6,165,568 8,983,046
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 0 0
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of common stock from cashless exercise of purchase warrants 1 0
Issuance of common stock to adjust for Reverse Stock Split 0 16
Conversion of Series A preferred stock to common stock $ 0 $ 970