v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net loss $ (7,536,598) $ (6,664,371)
Adjustments to reconcile net loss to cash used in operating activities:    
Stock compensation expense 2,796,240 1,424,736
Depreciation and amortization 23,472 14,058
Changes in operating assets and liabilities    
Other current assets (182,970) (29,998)
Other noncurrent assets 34,897 71,612
Accounts payable and accrued expenses 452,006 445,541
Net cash flows from operating activities (4,412,953) (4,738,422)
Cash flows from investing activities:    
Cash paid for business acquisition, net of cash received from Kineta   (1,108,375)
Purchase of property and equipment (48,846) (42,672)
Net cash flows from investing activities (48,846) (1,151,047)
Cash flows from financing activities:    
Cash dividend payment of preferred stock Series A (2,089) (2,089)
Proceeds from warrants exercised   504,211
Proceeds from issuance of common stock 7,500,000  
Payments made on Kineta severance promissory notes (197,354)  
Payment of transaction costs related to Kintara merger   (500,000)
Principal payments of finance lease (10,845)  
Payment of placement agent fees and offering costs (149,735)  
Payment of net liabilities assumed in reverse recapitalization with Kintara   (550,000)
Net cash flows from financing activities 7,139,977 (547,878)
Net change in cash and cash equivalents 2,678,178 (6,437,347)
Cash and cash equivalents at the beginning of the period 3,619,949 12,657,178
Cash and cash equivalents at the end of the period 6,298,127 6,219,831
Supplemental disclosure of cash flow information    
Cash paid for interest 27,924  
Supplemental non-cash activity    
Due from stockholders not yet received for warrant exercises   3,057,904
Deferred offering costs not yet paid $ 314,168 $ 13,965

Source

10-Q XBRL Zip