Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,010,586) $ (944,991)
Adjustments to reconcile net loss to cash flows used in operating activities:    
Depreciation and amortization 6,665 6,863
Amortization of discount on royalty obligation 115,334 115,334
Amortization of debt discount 23,462 0
Impairment of intellectual property 47,980 0
Amortization of right-of-use asset 30,304 27,675
Stock based compensation 79,218 152,912
Changes in operating assets and liabilities:    
Accounts receivable 23,163 (8,893)
Grant receivable 58,373 (152,991)
Prepaid expenses 26,020 (69,958)
Accounts payable and accrued expenses 243,702 38,832
Lease liability (32,364) (28,829)
Deferred revenue (8,626) (8,626)
Net cash used in operating activities (397,355) (872,672)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from common stock subscription and royalty agreement 300,000 1,000,000
Payment to Economic Injury Disaster loan (341) 0
Proceeds from notes payable 50,000 0
Proceeds from notes payable - related party 182,768 0
Net cash provided by financing activities 532,427 1,000,000
Net increase in cash and restricted cash 135,072 127,328
Cash and restricted cash, beginning of the period 68,615 85,838
Cash and restricted cash, end of period 203,687 213,166
Cash and restricted cash consist of the following, end of period:    
Cash 203,687 64,553
Restricted cash 0 148,613
Total 203,687 213,166
Cash and restricted cash consist of the following, beginning of the period:    
Cash 68,615 85,838
Restricted cash 0 0
Total 68,615 85,838
Supplemental disclosures of cash flow information:    
Interest paid 0 0
Taxes paid 0 0
Common stock issued in connection with issuance of promissory notes $ 6,000 $ 0