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, 2022
Mar. 31, 2021
Operating activities:    
Net loss $ (1,969,628) $ (597,008)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Amortization 903 903
Stock-based compensation 165,267 165,051
Changes in operating assets and liabilities:    
Accounts payable (120,000)
Accrued interest 18,303
Unreimbursed expenses (accrued) (144,004) 4,481
Net cash used in operating activities (1,947,462) (528,270)
Financing activities:    
Proceeds from sale of common stock 2,548,000
Repurchase of common stock via stock buy back program, net of costs (5,513,711)
Repayment to related party/shareholder (275,154)
Net cash provided by (used in) financing activities (5,513,711) 2,272,846
Net increase (decrease) in cash (7,461,173) 1,744,576
Cash, beginning of period 27,204,269 28,660,375
Cash, end of period $ 19,743,096 $ 30,404,951