XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from Operating activities    
Net loss $ (7,703,610) $ (2,033,322)
Adjustments to reconcile net loss to net cash from operations    
Non-cash interest expense 94
Amortization of debt issuance costs 4,338,543 123,958
Change in operating assets and liabilities:    
Trade accounts payable and accrued liabilities (10,091) 1,139,954
Prepaid expenses (87,100)
Net cash flows from operating activities (3,462,258) (769,316)
Financing activities:    
Payment of deferred offering costs (34,126)
Payments under related party line of credit (101,000)
Payments to related party (519,475) (581,262)
Borrowings from related party 132,438
Borrowings under related party line of credit 487,914
Proceeds from sale of common stock, less offering costs 5,832,973 910,000
Net cash flows provided by financing activities 5,344,936 782,526
Net change in cash 1,882,678 13,210
Cash, beginning of period 1,231 1,419
Cash, end of period 1,883,909 14,629
Cash paid for interest
Supplemental schedule of non-cash financing activities:    
Accrued offering expense 124,126
Issuance of warrants on related party line of credit $ 5,950,000