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 $ (2,351,408) $ (2,123,939)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of debt issuance costs and discounts 53,722
Change in fair value of derivative liabilities 6,312
Gain on extinguishment of debt (326,345)
Stock-based compensation 539,202
Shares issued in exchange for services 250,000 250,000
Changes in operating assets and liabilities:    
Prepaid expenses 182,126 (299,661)
Accounts payable - trade 119,494 (348,611)
Accrued expenses 214,124 (528,254)
Accrued interest 14,190
Net Cash Used In Operating Activities (1,046,462) (3,302,586)
Cash Flows From Financing Activities:    
Repayment of financing liability (170,897)
Repayment of notes payable- related party (275,000)
Proceeds from issuance of common stock pursuant to warrant exercises 669,106
Proceeds from issuance of common stock in private placement 912,000
Proceeds from issuance of common stock and warrants in private placement 6,161,505
Payment of issuance costs related to private placement (152,433) (1,266,485)
Net Cash Provided By Financing Activities 1,257,776 4,620,020
Net Increase In Cash and Cash Equivalents 211,314 1,317,434
Cash and Cash Equivalents - Beginning of Period 459,174 34,085
Cash and Cash Equivalents - End of Period 670,488 1,351,519
Supplemental Disclosures of Cash Flow Information:    
Interest 6,639 9,584
Income taxes
Non-cash investing and financing activities:    
Recapitalization of Unite Acquisition 1 Corp. accumulated deficit at time of the exchange (279,746)
Common stock cancelled at the time of the exchange 175
Convertible notes and accrued interest converted into common stock 1,653,811
Forgiveness of accrued consulting fees by related parties 345,900
Equity issuance costs included within accounts payable 42,421
Financing of Director and Officer insurance policy $ 333,105

Source

10-Q PDF XBRL Zip