v3.24.1.1.u2
Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (2,469,626) $ (2,527,985)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 81,121 53,198
Amortization of right of use asset 16,157 15,178
Write-off of fixed assets 10,217 0
Stock-based compensation 381,019 609,926
Decrease (increase) in operating assets:    
Accounts receivable (70,000) (664)
Inventory (27,912) 0
Prepaid expenses and other assets 211,438 54,710
Accounts payable (23,086) (61,693)
Accrued expenses and other liabilities 32,357 117,099
Lease liability (16,980) (15,492)
Net cash used in operating activities (1,875,295) (1,755,723)
us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract    
Purchase of property and equipment (29,611) (44,995)
Acquisition of intangible assets (73,939) (24,455)
Net cash used in investing activities (103,550) (69,450)
Net Cash Provided by (Used in) Financing Activities [Abstract]    
Net proceeds from issuance of common stock and pre-funded warrants 13,652,663 0
Exercise of options 86,757 0
Net cash provided by financing activities 13,739,420 0
Net increase (decrease) in cash and cash equivalents 11,760,575 (1,825,173)
Cash and cash equivalents at beginning of period 8,474,835 16,345,623
Cash and cash equivalents at end of period $ 20,235,410 $ 14,520,450

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