v3.25.2
Unaudited Condensed Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (3,064,590) $ (745,836)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation - common stock grants 1,700,000
Stock-based compensation - stock options 192,053
Change in FV of warrant liability (9,518)
Depreciation expense of property and equipment 232
Accrued interest expense - related parties 21,253 16,460
Accretion expense 39,832 32,571
Changes in operating assets and liabilities    
Prepaid expenses and other current and non-current assets (1,788,619) 1,259
Accounts payable and accrued expenses (472,052) 248,391
Net cash used in operating activities (3,381,409) (447,155)
Cash flows from investing activities:    
Purchase of equipment (13,369)
Net cash provided by investing activities (13,369)
Cash flows from financing activities:    
Cash proceeds from issuance of common stock in IPO 11,953,046
Proceeds from notes payable - related parties 250,000 100,000
Cash advances from related parties 17,400
Cash advances paid to related parties (93,800)
Net cash provided by financing activities 12,126,646 100,000
Net decrease in cash 8,731,868 (347,155)
Cash, beginning of period 3,455 410,481
Cash, end of period 8,735,323 63,326
Supplemental disclosure of cash flow information:    
Cash paid for interest
Cash paid for taxes
Non-cash investing and financing activities:    
Conversion of convertible debt - related party 386,676
Conversion of accrued interest expense for convertible debt - related party 112,546
Issuance of Representative Warrants in connection with IPO $ 139,388

Source

10-Q PDF XBRL Zip