v3.24.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from Operating activities    
Net loss $ (11,982,343) $ (7,058,190)
Adjustments to reconcile net loss to net cash from operations    
Interest expense 3,456,294 10,250
Amortization of debt issuance costs 732,292
Stock-based compensation expense 2,550,946 1,296,600
Non-cash investor relations fees 250,000
Change in operating assets and liabilities:    
Right of use lease, net 5,500 (5,500)
Accounts payable and accrued expenses (389,524) 152,081
Prepaid expenses (243,802)
Accounts receivable (11,862)
Related party line of credit 1,100,096
Net cash flows used in operating activities (4,532,403) (5,604,759)
Financing activities:    
Advances (to) from affiliates (69,152) 445,612
Advances received from related party line of credit 2,147,920
Deferred offering costs 143,427 (43,427)
Repayments under related party line of credit (1,142,483) (160,000)
Proceeds from sale of common stock, less offering costs 7,704,279 2,904,000
Net cash flows provided by financing activities 8,783,991 3,146,185
Net change in cash 4,251,588 (2,458,574)
Cash, beginning of year 350,978 2,809,552
Cash, end of period 4,602,566 350,978
Cash paid for interest

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