v3.24.3
Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (6,449,605) $ (5,168,226) $ (12,616,408) $ (7,738,203)
Adjustments to reconcile net loss to net cash used in operating activities:        
Amortization and depreciation 67,626 67,192 135,251 134,383
Amortization of debt discount 80,761 87,989
Stock-based compensation 2,401,046 2,755,087 6,645,891 6,492,653
Non-cash operating lease costs 260,157 252,686 509,079 494,468
Changes in operating assets and liabilities:        
Accounts receivable (439,436) (96,539)
Other current assets 117,302 171,876 167,790 (278,313)
Accounts payable (141,764) 254,773 366,594 (53,268)
Accrued liabilities 331,915 (173,160) 665,426 835,576
Deferred revenue (680,328) 166,182 846,433 497,030
Lease liability (253,107) (245,636) (494,979) (480,368)
Net cash used in operating activities (4,705,433) (1,919,226) (3,783,473) (96,042)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchase of property and equipment (4,340) (4,339)
Purchase of intangible assets (12,921) (17,174) (51,524)
Investment in joint venture (100,000) (100,000)
Return of aircraft deposit     1,093,600
Deposits and other assets (100) (135) (35,135) (803,112)
Net cash (used in) provided by investing activities (13,021) (121,649) (190,998) 290,488
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds - related party advances     42,000
Repayments - related party advances     (242,196)
Proceeds - notes payable, net of discount     275,000
Proceeds - related party notes payable, net of discount     225,000
Repayments - notes payable (371,250)    
Repayments - related party notes payable (297,500)    
Offering costs (155,000) (436,969) (437,665) (1,691,386)
Payments on line of credit     (194,727)
Exercise of warrants 742,474 1,035,000
Preferred share redemption 1,500,025 (225,000)
Proceeds from sale of Common Stock 1,727,279 1,588,695 2,829,395 3,000,760
Proceeds from business combination     620,893
Net cash provided by financing activities 3,146,028 1,151,726 4,547,623 689,451
Increase in cash and cash equivalents (1,572,426) (889,149) 573,152 883,897
Cash and cash equivalents, beginning of year 2,100,543 1,527,391 1,527,391 643,494
Cash and cash equivalents, end of year 528,117 638,242 2,100,543 1,527,391
Supplemental disclosures of cash flow information:        
Cash paid for interest 79,314
Cash paid for income taxes 2,464 2,400
Non cash investing and financing activities:        
Subscription receivable from sale of Common Stock $ 25,479 86,370 15,544
Operating lease, Right-of-use assets and liabilities     2,506,711
Increase in accounts payable due to Business Combination     1,047,438
Increase in redeemable preferred stock due to Business Combination     1,702,000
Prepaid offering costs     800,000
Discounts issued with notes payable     $ 168,750