v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (7,859,013) $ (2,920,938)
Adjustments to reconcile net loss to net cash used in operating activities:    
Accrued interest/dividends (46,693)
(Gain)/Loss on sale of securities 7,291 (2,176)
Loss on fair market value of equity investments 1,744
Gain on fair market value of derivatives (591,000) (1,303,000)
Amortization of ROU asset 14,246
Depreciation of fixed assets 5,341
Impairment of technology license 3,177,999
Share-based compensation:    
To directors – options 1,421,040 110,168
To key employees – options 35,103
To key employees – restricted stock units (RSUs) 60,061
To directors – RSUs 25,014
To non-employees – options 139,456 44,219
To non-employees – warrants 25,271
To non-employees - RSUs 298,577
Change in assets and liabilities:    
Prepaid expenses 37,171 (445,773)
Security deposits (113,688)
Trade and other receivables 1,400
Trade and other payables (1,128,692) (224,954)
Operating lease liabilities (14,616)
License Fees Payable (564,261)
Net cash used by operating activities (5,105,096) (4,705,607)
Cash flows from investing activities:    
Purchase of capital equipment (146,209)
Purchases of marketable securities (218,751) (5,919,540)
Proceeds from sale of marketable securities 4,379,638 10,659,546
Net cash provided by investing activities 4,014,678 4,740,006
Cash flows from financing activities    
Dividends on Preferred Stock (113,244)
Net proceeds from the exercise of warrants for common stock 524,278
Net cash provided by financing activities 411,034
Net increase/(decrease) in cash and cash equivalents (679,384) 34,399
Cash at beginning of period 986,996 173,154
Cash at end of period 307,612 207,553
Cash paid for:    
Interest
Income Taxes
Supplemental Schedule of Non-Cash Financing and Investing Activities    
Fair value of Series G Convertible Preferred Stock issued in-lieu of dividends 357,375 1,193,000
Accrued dividends on Series G and Series H Convertible Preferred Stock 559,822
Operating lease right of use asset obtained in exchange for lease liability $ 385,787

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