Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

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Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net loss $ (597,008) $ (244,641)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Amortization 903 902
Stock-based compensation 165,051 173,943
Changes in operating assets and liabilities:    
Accounts payable (120,000)
Accrued interest 18,303 18,303
Unreimbursed expenses (accrued) 4,481 51,493
Net cash used in operating activities (528,270)
Financing activities:    
Proceeds from sale of common stock 2,548,000
Repayment to related party/shareholder (275,154)
Net cash provided by (used in) financing activities 2,272,846
Net increase (decrease) in cash 1,744,576
Cash, beginning of period 28,660,375 6,835
Cash, end of period $ 30,404,951 $ 6,835