v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows From Operating Activities    
Net loss $ (4,095,836) $ (1,057,963)
Adjustments to reconcile net loss to net cash used in operating activities:    
Shares issued for services 676,456
Amortization of stock options and restricted stock units 4,752 258,370
Amortization of intangibles 47,557
Change in fair value of derivative liabilities (58)
Gain on settlement of liabilities (156,928)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 408,440 1,236,580
Accounts payable (17,007) 654,156
Accounts payable – related parties 409,251 (679,407)
Accrued expenses 629,157 (716,069)
Accrued expenses – related parties 107,515
Total adjustments 2,111,049 751,716
Net Cash Used In Operating Activities (1,984,787) (306,247)
Cash Flows From Financing Activities    
Proceeds from exercise of pre-funded warrants from the Amendment to August 2023 Offering 489
Repayment of loans payable (3,320) (529,791)
Repayment of loans payable related parties (350,000)
Net Cash Used In Financing Activities (353,320) (529,302)
Effect of Exchange Rate Changes on Cash (28,703) 6,038
Net Decrease In Cash (2,366,810) (829,511)
Cash - Beginning of Period 4,585,141 1,975,799
Cash - End of Period 2,218,331 1,146,288
Supplemental Disclosures of Cash Flow Information:    
Cash paid during the period for income taxes
Cash paid during the period for interest 12,078
Non cash investing and financing activities:    
Conversion of Series B Convertible Preferred Stock 100
Shares issued for settlement of liabilities 751,406 523,251
Prepaid expense financed with notes payable 722,000
Commitment to repurchase common stock $ 1,000,000

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