Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations (Unaudited)

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Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Total revenue $ 1,331 $ 135,167 $ 80,070 $ 135,831
Total cost of revenue 17,474 110,737 85,972 111,401
Gross profit (loss) (16,143) 24,430 (5,902) 24,430
Operating expenses:        
Research and development 1,562,747 1,206,688 2,929,640 2,646,716
General and administrative 947,384 933,993 1,801,072 1,828,926
Sales and marketing 359,739 271,900 676,350 576,226
Total operating expenses 2,869,870 2,412,581 5,407,062 5,051,868
Loss from operations (2,886,013) (2,388,151) (5,412,964) (5,027,438)
Interest income, net 223,948 108,345 281,273 219,647
Net loss $ (2,662,065) $ (2,279,806) $ (5,131,691) $ (4,807,791)
Net loss per share – basic and diluted (in dollars per share) $ (0.31) $ (0.37) $ (0.69) $ (0.78)
Weighted average number of shares outstanding – basic and diluted (in shares) 8,514,581 6,185,397 7,417,260 6,181,972
Development Revenue [Member]        
Total revenue $ 1,331 $ 98,443 $ 80,070 $ 98,443
Total cost of revenue 17,474 74,013 85,972 74,013
Grant [Member]        
Total revenue 0 36,724 0 37,388
Total cost of revenue $ 0 $ 36,724 $ 0 $ 37,338