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 ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,984,469) $ (2,801,481)
Adjustments to reconcile net loss to cash flows used in operating activities:    
Depreciation and amortization 20,142 20,093
Amortization of discount on royalty obligation 358,882 355,662
Amortization of debt discount 519,781 61,094
Impairment of intellectual property 0 47,980
Amortization of right-of-use asset 52,579 92,952
Loss on settlement of debt 123,563 34,338
Other income (32,405) 0
Stock based compensation 933,721 238,792
Changes in operating assets and liabilities:    
Accounts receivable 740 23,163
Grant receivable (237,904) 125,161
Prepaid expenses 6,054 10,593
Accounts payable and accrued expenses 1,448,266 597,505
Deposits 2,584 0
Lease liability (56,573) (99,134)
Deferred revenue (4,045) (26,164)
Net cash used in operating activities (849,084) (1,319,446)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from common stock subscription and royalty agreement 0 900,000
Payment to Economic Injury Disaster loan (1,073) (1,033)
Payment of notes payable - related party (9,000) (35,000)
Proceeds from notes payable 200,000 200,000
Proceeds from notes payable - related party 594,025 343,273
Net cash provided by financing activities 783,952 1,407,240
Net increase (decrease) in cash (65,132) 87,794
Cash, beginning of period 65,222 68,615
Cash, end of period 90 156,409
Supplemental disclosures of cash flow information:    
Interest paid 10,007 0
Taxes paid 0 0
Warrants issued in connection with issuance of promissory notes 83,552 176,545
Derivative liability recognized in connection with issuance of promissory notes 26,730 0
Common stock issued in connection with conversion of promissory notes and accounts payable 809,284 361,892
Common stock issued in connection with subscription agreement 9 0
Record right to use assets per ASC 842 (225,663) 0
Record lease liability per ASC 842 225,663 0
Common stock issued in connection with issuance of promissory notes $ 107,217 $ 65,580