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

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,680,860) $ (3,960,275)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based expense 64,787 171,814
Changes in operating assets and liabilities:    
Prepaid expenses and other 255,660 181,874
Other long-term assets 0 704,431
Accounts payable, accrued expenses and other current liabilities 73,762 84,678
Net cash used in operating activities (2,286,651) (2,817,478)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from issuance of common stock in October 2025 underwritten public offering 4,004,715 0
Net cash provided by financing activities 4,004,715 0
Net change in cash 1,718,064 (2,817,478)
Cash at beginning of period 6,165,568 8,983,046
Cash at end of period 7,883,632 6,165,568
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 0 1
Conversion of Series B preferred stock to common stock $ 350 $ 0