Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net Loss $ (2,026,580) $ (2,049,529)
Adjustments to reconcile net loss from operations to net cash used in operating activities:    
Stock-based compensation 284,360 264,936
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (278,173) (445,325)
Accounts payable and accrued liabilities 440,647 296,305
Net Cash Used in Operating Activities (1,579,746) (1,933,613)
Investing Activities    
Net Cash Used in Investing Activities 0 0
Financing Activities    
Net proceeds from the issuances of common stock 731,052 5,412,863
Net Cash Provided by Financing Activities 731,052 5,412,863
Net (Decrease) Increase in Cash and Cash Equivalents (848,694) 3,479,250
Cash and Cash Equivalents, Beginning of Period 28,899,997 24,747,613
Cash and Cash Equivalents, End of Period 28,051,303 28,226,863
Cash paid during the period:    
Interest paid 0 0
Income taxes paid 0 0
Non-Cash Financing Activities:    
Payment of accrued liabilities with common stock $ 215,000 $ 15,000