XML 20 R6.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities:    
Net loss $ (2,392,822) $ (4,967,576)
Less: loss from discontinued operations, net of tax   (742,751)
Net loss from continuing operations (2,392,822) (4,224,825)
Reconciliation of net loss to net cash used in operating activities:    
Stock-based compensation 79,417 659,913
Changes in operating assets and liabilities:    
Prepaid expenses and deposits 71,117 36,452
Other receivables (823,647) 1,319,118
Related party receivable   (1,000,000)
Related party payable (975,690)  
Accounts payable and accrued expenses 204,507 111,171
Net cash used in operating activities - continuing operations (3,837,118) (3,098,171)
Net cash used in operating activities - discontinued operations   (2,790,124)
Net cash used in operating activities (3,837,118) (5,888,295)
Cash Flows from Investing Activities:    
Net cash used in investing activities - discontinued operations   (112,608)
Net cash used in investing activities   (112,608)
Cash Flows from Financing Activities:    
Proceeds from issuance of common stock, net   619,974
Proceeds from stock options exercise 49,096  
Net cash provided by financing activities 49,096 619,974
Net decrease in cash and cash equivalents (3,788,022) (5,380,929)
Cash and cash equivalents at beginning of the period 15,111,450 11,782,172
Cash and cash equivalents at end of the period $ 11,323,428 6,401,243
Supplemental schedule of non-cash financing and investing activities:    
Issuance of common stock as commitment fee for future financing   $ 180