v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Cash flows from operating activities:              
Net loss $ (1,451,187) $ (668,564) $ (862,383) $ (758,088) $ (2,119,751) $ (1,620,471)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Depreciation expense 0   1,364   1,363 2,885  
Stock based compensation         100,000 75,000  
Accretion of debt discount         69,879 159,943  
Accretion of original issuance costs         175,370 225,672  
Modification of warrants 17,505     17,505  
Inducement of preferred shares 845,901     845,901  
Settlement of lease         (5,798)  
Changes in operating assets and liabilities:              
Other current assets         7,697 13,641  
Other assets         20,711  
Accounts payable         121,462 26,718  
Accrued payroll and payroll taxes         317,113 701,399  
Other current liabilities         1,666 (3,193)  
Net cash used in operating activities         (446,882) (418,406)  
Cash flows from financing activities:              
Proceeds from short-term convertible notes         425,197 470,360  
Proceeds from short-term promissory notes         10,000  
Advance from shareholder         35,000  
Repayments of advance from shareholder         (45,000)  
Net cash provided by financing activities         435,197 460,360  
Net (decrease) increase in cash         (11,685) 41,954  
Cash at beginning of period   $ 12,144   $ 11,690 12,144 11,690 $ 11,690
Cash at end of period $ 459   $ 53,644   459 53,644 12,144
Cash paid during the period for:              
Interest          
Income taxes          
Non-cash investing and financing activities:              
Warrants issued to third parties in conjunction with debt issuance         176,340 211,475  
Original issue discount issued in conjunction with debt         42,520 106,386  
Common stock issued to third parties in conjunction with conversion of debt         232,936 $ 1,549,148
Preferred stock issued to third parties in conjunction with conversion of debt         841,419  
Cancellation of common stock – related party         $ 7  

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