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, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,801,481) $ (3,213,816)
Adjustments to reconcile net loss to cash flows used in operating activities:    
Depreciation and amortization 20,093 20,588
Amortization of discount on royalty obligation 355,662 355,662
Amortization of debt discount 61,094 76,890
Impairment of intellectual property 47,980 0
Amortization of right-of-use asset 92,952 84,848
Loss on settlement of debt 34,338 198,939
Stock based compensation 238,792 283,508
Gain on forgiveness of debt 0 (133,424)
Warrants issued in connection with loan default 0 301,796
Changes in operating assets and liabilities:    
Accounts receivable 23,163 (65,192)
Grant receivable 125,161 (42,996)
Prepaid expenses 10,593 (18,831)
Accounts payable and accrued expenses 597,505 674,304
Lease liability (99,134) (88,309)
Deferred revenue (26,164) (26,164)
Net cash used in operating activities (1,319,446) (1,592,197)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from common stock subscription and royalty agreement 900,000 1,250,000
Payment to Economic Injury Disaster loan (1,033) (112)
Payment of notes payable - related party (35,000) 0
Proceeds from notes payable 200,000 0
Proceeds from notes payable - related party 343,273 320,000
Net cash provided by financing activities 1,407,240 1,569,888
Net increase (decrease) in cash and restricted cash 87,794 (22,309)
Cash and restricted cash, beginning of the period 68,615 85,838
Cash and restricted cash, end of period 156,409 63,529
Cash and restricted cash consist of the following, end of period:    
Cash ending 156,409 39,100
Restricted cash 0 24,429
Total 156,409 63,529
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 conversion of promissory notes and accounts payable 361,892 1,062,632
Warrants issued in connection with issuance of promissory notes 176,545 0
Common stock issued in connection with issuance of promissory notes $ 65,580 $ 76,890