v3.24.4
Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (2,585,793) $ (3,147,134) $ (3,948,097) $ (1,421,172)
Adjustments to reconcile net loss to net cash used in operating activities:        
Amortization expense 37,036 6,968 10,649 4,189
Stock-based compensation 84,190 914,426 936,354
Realized gain on short-term investments (121,765) (20,662)
Non-cash transaction fees 764    
Impairment loss 52,363 52,363
Change in operating assets and liabilities:        
Accounts receivable 8 (8)
Prepaid expenses and other current assets (61,477) (79,319) (24,732) (400)
Accounts payable 113,406 (65,967) (29,930) 148,761
Accrued expenses 19,089 10,966 43,471 8,197
Deferred revenue 2,376    
NET CASH USED IN OPERATING ACTIVITIES (2,512,166) (2,307,697) (2,980,592) (1,260,425)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchase of short-term investments (2,096,293) (3,491,242) (3,491,242)
Purchase of marketable equity securities (199,998)    
Proceeds from sale of short-term investments 3,312,205 1,015,000
Increase in capitalized internal-use software development costs (23,310) (24,625) (56,971)
Purchase of intangible asset (150,000) (62,836)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 842,604 (3,515,867) (2,533,213) (62,836)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from the sale of common stock units 159,060 5,958,470 5,958,470
Proceeds from exercise of pre-funded warrants 521    
Proceeds from sale of pre-funded warrants 2,897,924    
Proceeds from induced exercise of warrants 2,834,843    
Proceeds from subscriptions receivable     37,500
Payment of deferred offering costs     (112,599)
Purchase and cancellation of treasury shares (19,602) (49,710) (99,736)
NET CASH PROVIDED BY FINANCING ACTIVITIES 5,872,746 5,908,760 5,858,734 (75,099)
NET INCREASE (DECREASE) IN CASH 4,203,184 85,196 344,929 (1,398,360)
CASH, beginning of period 1,024,710 679,781 679,781 2,078,141
CASH, end of period 5,227,894 764,977 1,024,710 679,781
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION        
Interest
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:        
Reclassification of deferred offering costs to equity 202,599 202,599
Unrealized (loss) income on short-term investments (82,486) 79,646    
Unrealized gain on short-term investments (82,486) 79,646 95,785
Increase in digital currency and accounts payable $ 808 801
Deferred offering costs in accounts payable     $ 90,000