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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (906,396) $ (604,072)
Adjustments to reconcile net loss to net cash used in operating activities    
Bad debt recovery (20,000)
Stock-based compensation and professional fees 4,237 45,009
Amortization of prepaid stock-based professional fees 33,775
Net unrealized (gain) loss on equity investments (390) 161,798
Equity shares earned for lock up agreement (85,733)
Change in operating assets and liabilities:    
Prepaid expenses and other current assets (100,769) (69,667)
Interest receivable (1,183) (1,184)
Accounts payable and accrued expenses 296,063 (262,130)
Insurance payable 64,839
Deferred revenue (18,025) (18,025)
NET CASH USED IN OPERATING ACTIVITIES (692,688) (789,165)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of short-term investments (6,008,339)
Collection on note receivable 20,000
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (6,008,339) 20,000
NET DECREASE IN CASH AND CASH EQUIVALENTS: (6,701,027) (769,165)
CASH AND CASH EQUIVALENTS – beginning of the period 11,367,034 9,837,001
CASH AND CASH EQUIVALENTS – end of the period 4,666,007 9,067,836
Cash paid during the period for:    
Interest 167,689
Income taxes
Non-cash investing and financing activities:    
Common stock issued for conversion of Series C preferred stock $ 76