Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net loss $ (1,879,055) $ (2,505,921)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of intangible assets 96,366 96,366
Amortization of debt discounts 0 149,295
Non-cash lease expense 24,314 21,850
Non-cash interest expense 0 80,784
Non-cash conversion expense 0 585,875
Stock-based compensation expense 139,678 214,398
Bad debt expense 0 202
Changes in assets and liabilities:    
Accounts receivable (4,146) (47)
Inventory 31,007 22,179
Prepaid expenses 3,155 14,808
Other assets 23,675 (15,300)
Accounts payable (10,055) 107,073
Accrued expenses (105,998) (204,486)
Accrued interest payable 2,124 2,171
Operating lease liabilities (26,562) (23,144)
Net cash used in operating activities (1,705,497) (1,453,897)
Financing activities:    
Repayments of notes payable - non-related parties (100,907) 0
Proceeds from exercise of stock warrants 3,680,411 0
Payment for transaction costs of equity transactions (184,020) 0
Net cash provided by financing activities 3,395,484 0
Net Change In Cash 1,689,987 (1,453,897)
Cash At The Beginning Of The Period 8,384,042 2,790,147
Cash At The End Of The Period 10,074,029 1,336,250
Schedule Of Non-Cash Investing And Financing Activities:    
Non-related party debt converted to capital 0 853,680
Financing of prepaid insurance premiums 0 37,649
Deemed dividends related to Convertible Debt Warrants down round provision 1,833 23,270
Deemed dividends related to 2022 PIPE Warrants down round provision 1,547 42,539
Deemed dividends related to Original Warrants and New Warrants down round provision 0 1,455,805
Deemed dividends related to 2024 PIPE Warrants down round provision 47,373 0
Supplemental Disclosure:    
Cash paid for interest 1,541 266
Cash paid for income taxes $ 0 $ 0