v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 6,360,807 $ (7,288,520)
Adjustments to reconcile net income (loss) to net cash used in operating activities    
Depreciation and amortization 0 1,861
Stock-based compensation 1,155,845 1,088,275
Amortization of operating lease right of use asset 278,334 174,914
Issuance of common stock for services 0 198,500
Noncash interest expense 0 520,758
(Gain) loss from change in fair value of warrant liability (6,358,238) 2,833,558
(Gain) loss from change in fair value of earnout liability (6,414,894) 1,095,962
Loss from change in fair value of convertible note 0 141,636
Loss on note conversion 0 593,591
Changes in operating assets and liabilities:    
Accounts receivable (20,564) 527,042
Prepaid expenses and other (13,548) 132,512
Other assets 5,432 26,901
Operating lease liability (281,169) (132,525)
Payroll and income tax receivable 0 7,230
Accounts payable - trade and accrued expenses (425,841) (2,261,087)
Deferred revenue 1,211,415 (2,058,893)
NET CASH USED IN OPERATING ACTIVITIES (4,502,421) (4,398,285)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock and warrants for offering, net 0 7,290,000
Proceeds from warrant exercise, net 59,850 294,049
Repayment of advances from founders (1,300,000) 0
Proceeds from stock option exercises 90,811 196,173
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (1,149,339) 7,780,222
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (5,651,760) 3,381,937
Effect from exchange rate on cash (7,409) 9,338
CASH AND CASH EQUIVALENTS, beginning of period 11,414,830 3,124,413
CASH AND CASH EQUIVALENTS, end of period 5,755,661 6,515,688
Supplemental disclosures of cash flow information:    
Interest paid 0 0
Taxes paid 0 2,410
Noncash investing and financing    
Issuance of common stock for debt conversion 0 1,770,340
Issuance of common stock for debt interest payment 0 487,642
Issuance of common stock for earnout shares 5,282,125 0
Recognition of operating right-of-use asset 304,339 0
Recognition of operating lease liability $ 304,339 $ 0

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