v3.23.3
Condensed Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from Operating activities    
Net loss $ (6,194,965) $ (5,708,711)
Adjustments to reconcile net loss to net cash from operations    
(Interest Expense)/Income- Accrued, net (20,515) 8,484
Amortization of debt issuance costs 732,292
Stock-based compensation expense 2,337,133 1,148,800
Change in operating assets and liabilities:    
Right of use lease, net (5,500)
Accounts payable and accrued expenses (148,516) (20,300)
Prepaid expenses (202,817) (52,096)
Net cash flows used in operating activities (3,497,388) (4,629,323)
Financing activities:    
Advances to affiliates (50,000) (463,236)
Payment of deferred offering costs 143,427 (38,578)
Repayments under related party line of credit (133,062) (110,000)
Proceeds from sale of common stock, less offering costs 7,704,279 2,619,000
Issuance of Common Stock Conversion of Debt 1,100,096
Issuance of Common Stock in lieu of fees 250,000
Net cash flows provided by financing activities 9,014,740 2,007,186
Net change in cash 5,517,352 (2,622,137)
Cash, beginning of year 350,978 2,809,552
Cash, end of period 5,868,330 187,415
Cash paid for interest

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