Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows

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Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (2,527,985) $ (1,904,641)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 53,198 44,190
Stock-based compensation 609,926 231,765
Stock issued for services 0 100,100
Decrease (increase) in operating assets:    
Accounts receivable (664) (28,875)
Prepaid expenses and other assets 69,888 (62,721)
Increase (decrease) in operating liabilities:    
Accounts payable (61,693) 249,533
Accrued expenses and other liabilities 101,607 (46,474)
Net cash used in operating activities (1,755,723) (1,417,123)
Cash flows from investing activities:    
Purchase of property and equipment (44,995) (11,031)
Acquisition of intangible assets (24,455) (16,585)
Net cash used in investing activities (69,450) (27,616)
Net decrease in cash and cash equivalents (1,825,173) (1,444,739)
Cash and cash equivalents at beginning of period 16,345,623 23,170,149
Cash and cash equivalents at end of period $ 14,520,450 $ 21,725,410