v3.25.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (3,340,212) $ (4,145,936)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 5,611 6,756
Amortization expense 2,100
Stock issued for services 214,550
Warrants issued for services 15,703
Stock based compensation 150,000 215,558
Accretion of debt discount 463,750 1,755,995
Accretion of original issuance costs 392,783 285,187
Modification of warrants (38,945) (352,965)
Changes in operating assets and liabilities:    
Other current assets 47,273 (44,431)
Accounts payable 146,738 196,629
Accrued payroll and payroll taxes 1,077,219 699,130
Other current liabilities (6,906) (1,233)
Net cash used in operating activities (872,436) (1,383,210)
Cash flows from financing activities:    
Proceeds from short-term convertible notes 795,890 1,312,000
Proceeds from short-term promissory notes 157,000
Advance from shareholder 35,000 80,000
Repayments of advance from shareholder (115,000)
Fees associated with filing of Form S-1 (5,456)
Net cash provided by financing activities 872,890 1,386,544
Net (decrease) increase in cash 454 3,334
Cash at beginning of period 11,690 8,356
Cash at end of period 12,144 11,690
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 404,632 858,276
Original issue discount issued in conjunction with debt 83,139 131,200
Original issue discount issued in conjunction with extension of debt 184,471 305,320
Preferred stock issued to third parties in conjunction with conversion of debt 841,418
Common stock issued to third parties in conjunction with conversion of debt 707,730 1,520,200
Common stock issued for Series A preferred stock 16
Cancellation of common stock - related party 6
Beneficial conversion feature in conjunction with debt issuance $ 401,063

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