v3.23.3
Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (7,548,272) $ (5,298,405)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 193,900 134,557
Stock-based compensation 1,859,209 696,127
Stock issued for services 0 100,100
Decrease (increase) in operating assets:    
Accounts receivable 34,604 (183,934)
Prepaid expenses and other assets (153,398) 360,847
Increase (decrease) in operating liabilities:    
Accounts payable (66,548) (110,657)
Accrued expenses and other liabilities 263,643 142,458
Net cash used in operating activities (5,178,734) (4,512,733)
Cash flows from investing activities:    
Purchase of property and equipment 198,338 118,239
Acquisition of intangible assets 207,697 88,640
Net cash used in investing activities (406,035) (206,879)
Net decrease in cash and cash equivalents (5,584,769) (4,719,612)
Cash and cash equivalents at beginning of period 16,345,623 23,170,149
Cash and cash equivalents at end of period $ 10,760,854 $ 18,450,537

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