ENDRA Life Sciences Inc(NASDAQ:NDRA) 
ENDRA Life Sciences Inc. develops technology for clinical diagnostic ultrasound. It develops thermo-acoustic enhanced ultrasound technology that transmits sound waves, which bounce off tissues, organs, and blood for the treatment of nonalcoholic fatty liver disease, as well as temperature monitoring...
Website: http://www.endrainc.com
Founded: 2008
Full Time Employees: 15
Sector: Healthcare
Industry: Diagnostics & Research
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating expenses | |||||||||||||||||||||||||||||||||||||
research and development | 528,685 | 508,137 | 794,444 | 716,366 | 1,041,526 | 637,957 | 1,632,849 | 1,400,182 | 1,391,314 | 579,350 | 1,830,297 | 1,847,560 | 1,213,022 | 1,663,315 | 1,173,319 | 1,744,925 | 1,141,486 | 1,422,801 | 1,769,339 | 1,487,049 | 1,518,146 | 1,143,410 | 1,468,441 | 1,304,808 | 1,773,498 | 2,028,253 | 1,162,911 | 839,756 | 1,668,823 | 1,050,975 | 300,527 | 174,725 | 95,814 | 1,360,009 | 137,540 | 103,640 | 95,237 |
sales and marketing | 68,991 | 6,360 | 83,157 | 162,952 | 238,660 | 86,271 | 243,332 | 247,773 | 181,616 | 147,833 | 420,439 | 342,039 | 339,903 | 326,769 | 275,565 | 256,763 | 160,935 | 382,113 | 139,751 | 134,763 | 114,955 | 192,424 | 100,203 | 88,343 | 56,818 | 167,070 | 72,179 | 41,357 | 107,177 | 41,928 | 47,375 | 6,904 | 1,124 | 67,201 | 16,040 | 5,724 | 4,433 |
general and administrative | 871,606 | 1,107,529 | 631,413 | 1,351,535 | 1,500,355 | 3,572,511 | 1,252,881 | 1,346,610 | 1,366,398 | 730,597 | 1,166,480 | 1,382,094 | 1,302,344 | 1,323,297 | 1,201,851 | 1,198,502 | 1,273,418 | 1,266,627 | 1,346,360 | 1,269,467 | 1,467,745 | 918,508 | 1,071,889 | 932,021 | 916,903 | 935,344 | 832,884 | 941,955 | 1,067,792 | 909,904 | 731,762 | 881,570 | 263,759 | 873,126 | 451,530 | 384,948 | 273,786 |
total operating expenses | 1,469,282 | 1,622,026 | 1,509,014 | 2,230,853 | 2,780,541 | 4,296,739 | 3,129,062 | 2,994,565 | 2,939,328 | 1,457,780 | 3,417,216 | 3,571,693 | 2,855,269 | 3,313,381 | 2,650,735 | 3,200,190 | 2,575,839 | 3,071,541 | 3,255,450 | 2,891,279 | 3,100,846 | 2,254,342 | 2,640,533 | 2,325,172 | 2,747,219 | 3,130,667 | 2,355,515 | 1,823,068 | 2,843,792 | 2,002,807 | 1,079,664 | 1,063,199 | 360,697 | 2,300,336 | 605,110 | 494,312 | 373,456 |
operating income | -1,469,282 | -1,622,026 | -1,509,014 | -2,230,853 | -2,780,541 | -4,296,739 | -3,129,062 | -2,994,565 | -2,939,328 | -1,457,780 | -3,417,216 | -3,571,693 | -2,855,269 | -3,313,381 | -2,650,735 | -3,200,190 | -2,575,839 | -3,071,541 | -3,255,450 | -2,891,279 | -3,100,846 | -2,254,342 | -2,640,533 | -2,325,172 | -2,747,219 | -3,130,667 | -2,355,515 | -1,823,068 | -2,837,618 | -2,002,807 | -910,934 | -1,056,855 | -360,697 | -2,296,571 | -605,110 | -494,312 | -373,456 |
yoy | -47.16% | -62.25% | -51.77% | -25.50% | -5.40% | 194.75% | -8.43% | -16.16% | 2.94% | -56.00% | 28.92% | 11.61% | 10.85% | 7.87% | -18.58% | 10.68% | -16.93% | 36.25% | 23.29% | 24.35% | 12.87% | -27.99% | 12.10% | 27.54% | -3.19% | 56.31% | 158.58% | 72.50% | 686.70% | -12.79% | 50.54% | 113.80% | -3.42% | ||||
qoq | -9.42% | 7.49% | -32.36% | -19.77% | -35.29% | 37.32% | 4.49% | 1.88% | 101.63% | -57.34% | -4.33% | 25.09% | -13.83% | 25.00% | -17.17% | 24.24% | -16.14% | -5.65% | 12.60% | -6.76% | 37.55% | -14.63% | 13.56% | -15.36% | -12.25% | 32.91% | 29.21% | -35.75% | 41.68% | 119.86% | -13.81% | 193.00% | -84.29% | 279.53% | 22.41% | 32.36% | |
operating margin % | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -45960.77% | -Infinity% | -317.40% | -1829.36% | -Infinity% | -33526.58% | -Infinity% | -Infinity% | -Infinity% |
other (expenses) income | |||||||||||||||||||||||||||||||||||||
other income | 24,390 | -8,250 | 65,528 | 1,700 | 4,841 | 36,415 | 28,226 | 437,433 | -3,418 | -1,756 | -23,011 | -19,374 | -2,933 | 23,785 | -7,507 | 1,086 | -33,087 | -2,621 | 1,265 | 6,617 | 3,581 | -44,612 | -9,199 | -1,517 | 12,315 | -362,803 | 2,026 | -374,937 | -380,926 | ||||||||
digital asset staking compensation | |||||||||||||||||||||||||||||||||||||
unrealized gain on change in fair value of digital assets | |||||||||||||||||||||||||||||||||||||
realized gain on change in fair value of digital assets | |||||||||||||||||||||||||||||||||||||
changes in fair value of warrant liability | 408,562 | 116,137 | 3,341,829 | 105,908 | |||||||||||||||||||||||||||||||||
total other (expenses) income | 432,952 | ||||||||||||||||||||||||||||||||||||
loss from operations before income taxes | -1,036,330 | -3,169,209 | -2,354,090 | -2,229,153 | -2,775,700 | -4,149,004 | -3,100,836 | -2,557,132 | -2,942,746 | -1,459,536 | -3,440,227 | -3,591,067 | -2,858,202 | -3,289,596 | -2,658,242 | -3,199,104 | -2,269,276 | -3,104,628 | -3,258,071 | -2,893,872 | -3,322,797 | -2,250,761 | -3,413,562 | -2,334,371 | -2,748,736 | -4,809,294 | -2,758,576 | -1,846,772 | -2,825,303 | -2,365,610 | -908,908 | -1,431,791 | -741,623 | -2,294,640 | -977,898 | -729,114 | -379,478 |
provision for income taxes | |||||||||||||||||||||||||||||||||||||
net income | -1,036,330 | -3,169,209 | -2,354,090 | -2,229,153 | -2,775,700 | -4,149,004 | -3,100,836 | -2,557,132 | -2,942,746 | -1,459,536 | -3,440,227 | -3,591,067 | -2,858,202 | -3,289,596 | -2,658,242 | -3,199,104 | -2,269,276 | -3,104,628 | -3,258,071 | -2,893,872 | -3,322,797 | -2,250,761 | -3,413,562 | -2,334,371 | -2,748,736 | -2,124,167.5 | -2,758,576 | -1,846,772 | -2,825,303 | -2,365,610 | -908,908 | -1,431,791 | -741,623 | -2,294,640 | -977,898 | -729,114 | -379,478 |
yoy | -62.66% | -23.62% | -24.08% | -12.83% | -5.68% | 184.27% | -9.87% | -28.79% | 2.96% | -55.63% | 29.42% | 12.25% | 25.95% | 5.96% | -18.41% | 10.55% | -31.71% | 37.94% | -4.56% | 23.97% | 20.88% | 5.96% | 23.74% | 26.40% | -2.71% | -10.21% | 203.50% | 28.98% | 280.96% | 3.09% | -7.05% | 96.37% | 95.43% | ||||
qoq | -67.30% | 34.63% | 5.60% | -19.69% | -33.10% | 33.80% | 21.26% | -13.10% | 101.62% | -57.57% | -4.20% | 25.64% | -13.11% | 23.75% | -16.91% | 40.97% | -26.91% | -4.71% | 12.59% | -12.91% | 47.63% | -34.06% | 46.23% | -15.07% | 29.40% | -23.00% | 49.37% | -34.63% | 19.43% | 160.27% | -36.52% | 93.06% | -67.68% | 134.65% | 34.12% | 92.14% | |
net income margin % | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -45761.31% | -Infinity% | -316.69% | -2478.35% | -Infinity% | -33498.39% | -Infinity% | -Infinity% | -Infinity% |
net income per share | -1.86 | -3.25 | -9.54 | -0.08 | -449.58 | 25.2 | -706.2 | -0.43 | -0.93 | -0.05 | -1.09 | -1.17 | -1.33 | -4.38 | -0.06 | -0.08 | -0.06 | -0.08 | -0.15 | -0.2 | -0.29 | -0.22 | -0.46 | -0.31 | -0.37 | -1.2 | -0.7 | -0.47 | -0.72 | -0.28 | -0.23 | -0.59 | -1.03 | -0.65 | -1.35 | -1.01 | -0.52 |
weighted-average common shares – basic and diluted | 557,582 | 787,020 | 246,816 | 15,590 | 6,174 | 202,106 | 4,391 | 5,996,186 | 3,169,103 | 6,363,759 | 3,158,723 | 3,082,209 | 2,152,711 | 2,891,292 | 41,912,535 | 41,675,664 | 37,772,515 | 40,922,709 | 23,889,591 | 14,735,662 | 11,508,843 | 19,192,226 | 7,428,788 | 7,422,642 | 7,422,642 | 7,499,984 | 3,927,933 | 3,923,027 | 3,923,027 | 4,504,873 | 3,907,027 | 2,437,010 | 723,335 | 2,756,956 | 723,335 | 723,335 | 723,335 |
warrant expense | -7,323,685 | ||||||||||||||||||||||||||||||||||||
gain or loss on settlement of warrant exercise | 3,071,252 | 767,813 | |||||||||||||||||||||||||||||||||||
total other income | 70,718.5 | -845,076 | 437,433 | 12,315 | |||||||||||||||||||||||||||||||||
total other expenses | 1,700 | 4,841 | 147,735 | 28,226 | -3,418 | 115,560.25 | -23,011 | -19,374 | -2,933 | 23,785 | -7,507 | 1,086 | -33,087 | -2,621 | -2,593 | -221,951 | 3,581 | -773,029 | -9,199 | -1,517 | -1,678,627 | -403,061 | -23,704 | -362,803 | 2,026 | -374,937 | -380,926 | 1,931 | -372,789 | -234,802 | -6,022 | ||||||
other expenses | |||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | 308,600 | ||||||||||||||||||||||||||||||||||||
deemed dividend | -121,071 | -395,551 | |||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -3,289,596 | -2,658,242 | -3,199,104 | -2,390,347 | -3,104,628 | -3,653,622 | -2,893,872 | -3,322,797 | -2,250,761 | -3,413,562 | |||||||||||||||||||||||||||
other expense | -2,037 | -51,575 | -25,455 | -23,704 | -199 | ||||||||||||||||||||||||||||||||
total other | 306,563 | ||||||||||||||||||||||||||||||||||||
amortization of debt discount | -3,858 | -228,568 | -728,417 | -1,627,052 | -377,606 | ||||||||||||||||||||||||||||||||
revenue | 6,174 | 287,000 | 57,772 | 6,850 | |||||||||||||||||||||||||||||||||
yoy | |||||||||||||||||||||||||||||||||||||
qoq | 396.78% | ||||||||||||||||||||||||||||||||||||
cost of goods sold | 118,270 | 51,427 | 3,085 | ||||||||||||||||||||||||||||||||||
gross profit | 6,174 | 168,730 | 6,345 | 3,765 | |||||||||||||||||||||||||||||||||
yoy | |||||||||||||||||||||||||||||||||||||
qoq | 2559.26% | ||||||||||||||||||||||||||||||||||||
gross margin % | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | 100.00% | NaN% | 58.79% | 10.98% | NaN% | 54.96% | NaN% | NaN% | NaN% |
impairment of inventory | 287,541 | ||||||||||||||||||||||||||||||||||||
loss on warrant exercise | -5,823 | ||||||||||||||||||||||||||||||||||||
interest expense | -188,208.75 | -372,789 | -234,802 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
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assets | ||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||
cash | 356,462 | 762,365 | 794,036 | 1,808,574 | 2,064,874 | 3,229,480 | 4,745,187 | 6,400,732 | 1,134,701 | 3,334,536 | 4,819,459 | 2,355,251 | 4,889,098 | 8,016,350 | 11,278,041 | 7,127,363 | 9,461,534 | 11,793,189 | 14,043,341 | 16,842,753 | 7,227,316 | 3,793,292 | 748,561 | 3,102,728 | 6,174,207 | 2,275,302 | 2,267,530 | 3,925,474 | 6,471,375 | 2,205,858 | 3,149,988 | 5,601,878 | 6,977,462 | 7,524,071 | 133,679 | |
prepaid expenses | 180,204 | 205,604 | 254,673 | 44,310 | 115,332 | 204,185 | 217,120 | 312,742 | 135,821 | 198,905 | 305,885 | 506,914 | 428,529 | 992,875 | 914,261 | 834,863 | 1,061,406 | 1,348,003 | 1,177,201 | 968,923 | 776,092 | 390,800 | 561,554 | 1,064,146 | 373,254 | 116,749 | 206,658 | 243,782 | 105,069 | 145,424 | 318,924 | 38,598 | 67,496 | 101,254 | 4,200 | 1,139 |
total current assets | 536,666 | 967,969 | 1,048,709 | 1,852,884 | 2,180,206 | 3,433,665 | 4,962,307 | 6,713,474 | 1,270,522 | 3,032,812 | 6,398,054 | 8,084,006 | 5,519,129 | 8,526,690 | 11,564,688 | 14,487,632 | 10,119,027 | 12,094,115 | 14,470,133 | 16,343,041 | 18,351,439 | 8,213,722 | 4,779,505 | 2,275,345 | 3,772,868 | 6,535,099 | 2,976,181 | 2,951,982 | 4,378,133 | 6,949,558 | 2,834,315 | 3,463,860 | 5,882,153 | 7,222,817 | 7,672,500 | 265,648 |
non-current assets | ||||||||||||||||||||||||||||||||||||
fixed assets | 33,024 | 42,516 | 52,633 | 63,419 | 72,775 | 69,281 | 80,281 | 91,777 | 111,470 | 111,782 | 160,816 | 192,874 | 228,139 | 235,655 | 230,612 | 239,544 | 201,445 | 131,130 | 162,265 | 192,088 | 225,817 | 212,242 | 225,620 | 214,587 | 237,015 | 236,251 | 218,798 | 238,727 | 258,839 | 273,233 | 211,345 | 226,210 | 241,549 | 256,909 | 272,066 | 279,478 |
right of use assets | 431,725 | 461,949 | 491,363 | 519,966 | 546,216 | 578,013 | 229,771 | 272,284 | 313,715 | 354,091 | 393,451 | 431,842 | 469,290 | 505,816 | 541,456 | 576,255 | 610,234 | 643,413 | 675,822 | 707,504 | 321,563 | 339,012 | 356,060 | 372,720 | 389,004 | 404,919 | 420,488 | |||||||||
prepaid expenses, long term | 365,417 | 365,417 | 365,417 | 365,417 | 365,417 | 388,842 | 647,085 | 647,085 | 626,610 | 644,610 | 530,068 | |||||||||||||||||||||||||
digital assets | 2,430,781 | 2,009,960 | ||||||||||||||||||||||||||||||||||
other assets | 5,986 | 5,986 | 5,986 | 5,986 | 5,984 | 5,986 | 5,986 | 5,986 | 5,986 | 5,986 | 5,986 | 5,986 | 5,986 | 5,986 | 5,986 | 5,986 | 5,986 | 5,986 | 5,986 | |||||||||||||||||
total assets | 3,438,182 | 3,853,797 | 1,964,108 | 2,807,672 | 3,170,598 | 4,452,362 | 8,379,110 | 10,442,529 | 5,060,701 | 6,754,146 | 7,602,917 | 9,244,776 | 6,654,888 | 9,274,147 | 12,342,742 | 15,309,417 | 10,936,692 | 12,874,644 | 15,314,206 | 17,242,633 | 18,898,819 | 8,764,976 | 5,361,185 | 2,862,652 | 4,398,887 | 7,176,269 | 3,615,467 | 3,190,709 | 4,636,972 | 7,222,791 | 3,045,660 | 3,690,070 | 6,123,702 | 7,479,726 | 7,944,565 | 545,126 |
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 701,487 | 621,578 | 671,516 | 448,419 | 439,688 | 508,293 | 626,706 | 1,167,434 | 1,038,465 | 700,754 | 1,972,362 | 1,841,562 | 1,645,749 | 1,523,012 | 1,558,097 | 1,360,365 | 1,220,840 | 1,411,437 | 1,449,130 | 1,514,866 | 686,650 | 910,183 | 1,325,005 | 1,169,237 | 1,444,035 | 1,708,525 | 1,198,487 | 1,366,391 | 835,232 | 974,583 | 751,376 | 860,196 | 848,214 | 312,042 | 162,302 | 623,129 |
lease liabilities, current portion | 133,953 | 129,378 | 128,791 | 128,218 | 126,097 | 96,937 | 187,339 | 182,733 | 178,239 | 173,857 | 168,610 | 163,013 | 157,554 | 152,228 | 147,057 | 142,025 | 137,117 | 132,330 | 127,696 | 123,192 | 79,175 | 76,480 | 73,624 | 71,085 | 68,608 | 66,193 | 65,295 | |||||||||
total current liabilities | 835,440 | 750,956 | 800,307 | 576,637 | 565,785 | 605,230 | 814,045 | 1,350,167 | 1,216,704 | 903,095 | 2,169,456 | 2,033,059 | 1,831,787 | 1,703,724 | 1,705,154 | 1,502,390 | 1,357,957 | 1,543,767 | 1,576,826 | 1,638,058 | 765,825 | 986,663 | 1,398,629 | 1,240,322 | 1,551,045 | 2,072,787 | 1,853,808 | 848,214 | 312,042 | 162,302 | 1,924,832 | |||||
long term debt | ||||||||||||||||||||||||||||||||||||
lease liabilities | 327,253 | 362,974 | 396,537 | 429,274 | 461,206 | 487,482 | 49,823 | 98,421 | 145,825 | 192,062 | 281,154 | 324,064 | 365,919 | 405,773 | 444,168 | 481,618 | 518,147 | 552,830 | 586,193 | 252,345 | 271,908 | 290,489 | 308,366 | 325,804 | 342,812 | 358,915 | ||||||||||
warrant liability | 488,604 | 479,747 | 595,884 | 328,610 | 390,722 | 799,284 | 910,556 | |||||||||||||||||||||||||||||
total long term debt | 815,857 | 842,721 | 992,421 | 757,884 | 851,928 | 1,286,766 | 960,379 | 98,421 | 145,825 | 192,062 | 281,154 | 324,064 | 365,919 | 434,257 | 472,652 | 510,102 | 546,631 | 581,314 | 614,677 | 280,829 | 608,992 | 627,573 | 645,450 | 325,804 | 342,812 | |||||||||||
total liabilities | 1,651,297 | 1,593,677 | 1,792,728 | 1,334,521 | 1,417,713 | 1,891,996 | 1,774,424 | 1,448,588 | 1,362,529 | 1,095,157 | 2,406,619 | 2,314,213 | 2,155,851 | 2,069,643 | 2,139,411 | 1,975,042 | 1,868,059 | 2,090,398 | 2,158,140 | 2,252,735 | 1,046,654 | 1,595,655 | 2,026,202 | 1,885,772 | 1,876,849 | 2,415,599 | 2,212,723 | 1,366,391 | 835,232 | 974,583 | 1,104,957 | 860,196 | 848,214 | 312,042 | 162,302 | 1,924,832 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||
series a convertible preferred stock, 0.0001 par value... | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||||||||||||||||||
series b convertible preferred stock, 0.0001 par value... | ||||||||||||||||||||||||||||||||||||
series c convertible preferred stock, 0.0001 par value... | ||||||||||||||||||||||||||||||||||||
common stock, 0.0001 par value... | 122 | 116 | 77 | 55 | 53 | 53 | 7,244 | 1,092 | 1,039 | 841 | 748 | 317 | 317 | 6,315 | 6,315 | 4,454 | 4,254 | 4,215 | 4,185 | 4,161 | 3,404 | 2,500 | 1,644 | 1,355 | 842 | 751 | 742 | 742 | 742 | 392 | 392 | 392 | 390 | 390 | 72 | |
additional paid in capital | 113,563,705 | 112,725,513 | 107,467,603 | 106,227,259 | 105,998,412 | 105,893,728 | 105,921,675 | 98,402,631 | 97,582,868 | 95,664,011 | 94,297,167 | 89,307,675 | 89,068,015 | 88,768,831 | 88,462,324 | 80,604,416 | 79,456,938 | 78,695,367 | 77,838,745 | 77,460,997 | 64,493,611 | 58,281,673 | 52,227,904 | 50,982,080 | 49,933,736 | 37,590,359 | 34,598,379 | 34,241,430 | 33,939,162 | 24,507,821 | 23,550,220 | 23,170,531 | 22,768,089 | 22,473,759 | 11,790,318 | |
accumulated deficit | -111,776,942 | -110,465,509 | -107,296,300 | -104,474,429 | -103,438,099 | -99,289,095 | -96,935,005 | -94,705,852 | -91,930,152 | -90,470,616 | -87,369,780 | -84,812,648 | -81,869,902 | -78,580,306 | -75,140,079 | -71,549,012 | -68,690,810 | -65,586,182 | -62,927,940 | -59,728,836 | -57,338,489 | -55,087,728 | -51,434,106 | -48,540,234 | -45,217,437 | -36,188,366 | -32,774,803 | -30,440,432 | -27,691,696 | -22,567,510 | -20,720,738 | -17,895,435 | -15,600,795 | -14,691,886 | -13,260,096 | |
total stockholders’ equity | 1,786,885 | 2,260,120 | 171,380 | 1,752,885 | 2,560,366 | 6,604,686 | 8,993,941 | 3,698,172 | 5,658,989 | 5,196,298 | 6,930,563 | 4,499,037 | 7,204,504 | 10,203,331 | 13,334,375 | 9,068,633 | 10,784,246 | 13,156,066 | 14,989,898 | 17,852,165 | 7,169,321 | 3,334,983 | 976,880 | 2,522,038 | 4,760,670 | 1,402,744 | 1,824,318 | 3,801,740 | 6,248,208 | 1,940,703 | 2,829,874 | 5,275,488 | 7,167,684 | 7,782,263 | ||
total liabilities and stockholders’ equity | 3,438,182 | 3,853,797 | 1,964,108 | 3,170,598 | 4,452,362 | 8,379,110 | 10,442,529 | 5,060,701 | 6,754,146 | 7,602,917 | 9,244,776 | 6,654,888 | 9,274,147 | 12,342,742 | 15,309,417 | 10,936,692 | 12,874,644 | 15,314,206 | 17,242,633 | 18,898,819 | 8,764,976 | 5,361,185 | 2,862,652 | 4,398,887 | 7,176,269 | 3,615,467 | 3,190,709 | 4,636,972 | 7,222,791 | 3,045,660 | 3,690,070 | 6,123,702 | 7,479,726 | 7,944,565 | ||
series c preferred stock, 0.0001 par value... | ||||||||||||||||||||||||||||||||||||
stock payable | 27 | 301 | 5,233 | 2,061 | 2,427 | 3,692 | 6,073 | 8,490 | 5,814 | 8,774 | 13,863 | 42,665 | 74,907 | 115,842 | 10,794 | 224,163 | 181,437 | 78,836 | 43,528 | 90,000 | ||||||||||||||||
inventory | 2,711,923 | 2,711,923 | 2,711,923 | 2,622,865 | 2,757,633 | 2,757,633 | 2,735,349 | 2,644,717 | 2,634,077 | 2,374,728 | 1,930,258 | 1,284,578 | 1,499,743 | 1,324,791 | 726,608 | 589,620 | 323,208 | 340,687 | 174,935 | 113,442 | 127,831 | 74,280 | 74,275 | 59,444 | 279,210 | 245,962 | 191,680 | 131,679 | 133,422 | 40,237 | ||||||
loans | 28,484 | 28,484 | 28,484 | 28,484 | 28,484 | 28,484 | 28,484 | 28,484 | 28,484 | 28,484 | 28,484 | 28,484 | 337,084 | 337,084 | 337,084 | |||||||||||||||||||||
loans, long term | ||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 2,833,907 | |||||||||||||||||||||||||||||||||||
lease liabilities, non-current | 237,163 | |||||||||||||||||||||||||||||||||||
total long term liabilities | 237,163 | 358,915 | ||||||||||||||||||||||||||||||||||
vendor advance | 432,344 | |||||||||||||||||||||||||||||||||||
other current assets | 5,986 | 5,986 | 5,986 | 101,451 | 121,951 | 121,951 | 130,701 | 366,390 | 366,390 | 273,315 | 273,315 | 18,553 | 17,542 | 14,249 | 12,422 | 10,806 | 15,593 | |||||||||||||||||||
convertible notes payable, net of discount | 38,402 | 298,069 | 590,026 | 1,149,141 | ||||||||||||||||||||||||||||||||
stock receivable | -85,626 | |||||||||||||||||||||||||||||||||||
series a preferred stock , 0.0001 par value... | 1 | |||||||||||||||||||||||||||||||||||
series b preferred stock, 0.0001 par value... | ||||||||||||||||||||||||||||||||||||
preferred stock series a, 0.0001 par value... | 1 | |||||||||||||||||||||||||||||||||||
preferred stock series b, 0.0001 par value... | ||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||
long term debt: | ||||||||||||||||||||||||||||||||||||
long term liabilities: | ||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value... | ||||||||||||||||||||||||||||||||||||
accounts receivable | 11,770 | 11,770 | 6,850 | |||||||||||||||||||||||||||||||||
senior secured convertible promissory notes payable, net of discount | 353,581 | |||||||||||||||||||||||||||||||||||
notes payable | 50,000 | |||||||||||||||||||||||||||||||||||
convertible notes payable, related party, net of discount | 102,562 | |||||||||||||||||||||||||||||||||||
deferred offering costs | 75,000 | |||||||||||||||||||||||||||||||||||
liabilities and stockholders’ deficit | ||||||||||||||||||||||||||||||||||||
stockholders’ deficit | ||||||||||||||||||||||||||||||||||||
total stockholders’ deficit | -1,379,706 | |||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ deficit | 545,126 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||||||||||||||
net loss | -1,311,433 | -3,169,209 | -2,262,242 | -1,036,330 | -4,149,004 | -2,354,090 | -2,229,153 | -2,775,700 | -1,459,536 | -3,100,836 | -2,557,132 | -2,942,746 | -3,440,227 | -3,591,067 | -2,858,202 | -3,104,628 | -2,658,242 | -3,199,104 | -2,269,276 | 9,474,729 | -3,258,071 | -2,893,872 | -3,322,797 | -4,809,294 | -3,413,563 | -2,365,610 | -2,758,576 | -1,846,772 | -2,825,303 | -2,294,640 | -908,909 | -1,431,790 | -741,623 | |
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||
depreciation and amortization | 9,492 | 10,117 | 23,142 | 13,786 | 11,000 | 11,496 | 8,693 | 15,300 | 21,887 | 32,058 | 35,265 | 34,516 | 32,129 | 23,793 | 21,701 | 19,038 | 21,261 | 29,823 | 33,729 | 31,425 | 54,228 | 1,100 | 22,428 | 21,586 | 20,904 | 19,929 | 20,070 | 18,042 | 14,865 | 15,339 | 15,360 | 15,157 | 15,274 | 15,690 |
stock compensation expense | 574,451 | 12,878 | 171,809 | 83,046 | 104,684 | -36,847 | 186,590 | 317,497 | ||||||||||||||||||||||||||
amortization of right of use assets | 30,223 | 29,415 | 55,231 | 31,797 | 35,363 | 42,513 | 41,431 | 40,376 | 39,360 | 38,391 | 37,448 | 36,526 | 35,640 | 34,799 | 33,979 | 33,179 | 32,409 | 31,682 | 26,637 | 17,449 | 17,048 | 16,660 | 16,284 | 15,915 | ||||||||||
digital asset staking compensation | -11,060 | |||||||||||||||||||||||||||||||||
unrealized gain on change in fair value of digital assets | -738,177 | |||||||||||||||||||||||||||||||||
realized gain on change in fair value of digital assets | -121,584 | |||||||||||||||||||||||||||||||||
changes in fair value of warrant liability | 8,857 | -116,137 | -470,674 | -408,562 | -105,908 | |||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||
decrease in prepaid expenses | 390,817 | 49,069 | 159,873 | 88,854 | 36,360 | 42,609 | 124,980 | 132,002 | -78,614 | -79,398 | 226,543 | 286,597 | -256,505 | |||||||||||||||||||||
increase in accounts payable and accrued liabilities | 79,908 | 337,711 | 130,800 | 195,813 | 122,737 | -35,085 | -37,693 | -256,878 | 530,503 | -93,756 | 11,981 | 536,173 | 149,740 | -346,196 | 188,577 | |||||||||||||||||||
increase in lease liability | -31,146 | |||||||||||||||||||||||||||||||||
net cash from operating activities | -1,119,650 | -1,611,711 | -2,406,844 | -1,293,129 | -1,515,705 | -1,657,229 | -2,083,301 | -2,144,312 | -2,174,578 | -2,598,755 | -2,268,595 | -2,506,847 | -3,088,689 | -3,246,830 | -3,334,982 | -3,098,870 | -2,652,731 | -2,746,758 | -2,799,412 | -2,923,483 | -2,073,106 | -2,133,457 | -3,451,665 | -3,088,367 | -1,907,515 | -2,482,729 | -1,902,427 | -1,468,734 | -1,879,430 | -2,451,890 | -1,375,585 | -546,609 | -1,142,446 | -236,274 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | -1,119,650 | -1,611,711 | -2,406,844 | -1,293,129 | -1,515,705 | -1,657,229 | -2,083,301 | -2,144,312 | -2,174,578 | -2,598,755 | -2,268,595 | -2,506,847 | -3,088,689 | -3,246,830 | -3,334,982 | -3,098,870 | -2,652,731 | -2,746,758 | -2,799,412 | -2,923,483 | -2,073,106 | -2,133,457 | -3,451,665 | -3,088,367 | -1,907,515 | -2,482,729 | -1,902,427 | -1,468,734 | -1,879,430 | -2,451,890 | -1,375,585 | -546,609 | -1,142,446 | -236,274 |
cash flows from investing activities | ||||||||||||||||||||||||||||||||||
purchases of fixed assets | 0 | -17,280 | -17,280 | 0 | 0 | 11,000 | -27,000 | -6,884 | 0 | 0 | -27,000 | -38,563 | -14,861 | -59,800 | -89,353 | 0 | 0 | 0 | -45,000 | -64,850 | 11,867 | 0 | -22,350 | -38,357 | 0 | 0 | 0 | 0 | ||||||
sale of digital intangible assets | 450,000 | |||||||||||||||||||||||||||||||||
net cash from investing activities | 450,000 | -3,000,000 | -17,280 | -17,280 | 0 | 0 | 11,000 | -23,796 | 2,279 | 0 | 0 | -27,000 | -38,563 | -14,861 | -59,800 | -89,353 | 0 | 0 | 0 | -45,000 | -64,850 | 11,867 | 0 | -22,350 | -38,357 | 0 | 0 | 0 | 0 | |||||
cash flows from financing activities | ||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock for cash | 263,747 | |||||||||||||||||||||||||||||||||
net cash from financing activities | 263,747 | 4,580,039 | 1,003,218 | 145,803 | 0 | 1,683 | 7,338,332 | 468,902 | 1,671,670 | 1,113,832 | 0 | 0 | 7,545,460 | 854,052 | 321,076 | 496,606 | 0 | 12,583,920 | 5,571,979 | 5,166,322 | 1,097,498 | 39,238 | 5,844,777 | 7,736,678 | 0 | 0 | 0 | 8,540,700 | 225,000 | |||||
net increase in cash | -405,903 | -31,672 | -1,515,707 | -1,655,545 | 2,464,208 | -2,533,847 | -3,127,252 | -3,261,691 | 4,150,678 | -2,334,171 | -2,331,657 | -2,250,150 | -2,799,412 | 9,615,437 | 5,834,251 | -1,568,734 | -1,375,585 | -546,609 | 7,390,392 | -11,274 | ||||||||||||||
cash, beginning of period | 762,365 | 0 | 3,229,480 | 3,229,480 | 0 | 0 | 0 | 2,833,907 | 0 | 0 | 4,889,098 | 0 | 0 | 9,461,534 | 0 | 0 | 7,227,316 | 0 | 0 | 0 | 6,174,207 | 0 | 0 | 0 | 0 | 0 | 5,601,878 | 0 | 0 | 0 | 144,953 | |||
cash, end of period | 356,462 | -31,671 | 1,808,574 | 2,064,874 | -1,515,707 | -1,655,545 | 5,266,031 | 1,134,701 | -1,484,923 | 2,464,208 | 2,355,251 | -3,261,691 | 4,150,678 | 7,127,363 | -2,250,152 | -2,799,412 | 16,842,753 | 3,434,023 | 3,044,732 | -2,354,167 | 3,102,728 | 3,898,905 | 7,771 | 5,834,251 | -1,568,734 | -944,130 | 3,149,988 | -1,375,584 | -546,609 | 7,390,392 | 133,679 | |||
supplemental disclosures of cash items | ||||||||||||||||||||||||||||||||||
interest paid | 12,051 | 12,860 | 14,855 | 8,699 | 6,664 | 7,746 | 8,801 | 16,768 | 0 | 0 | 0 | 1,920 | ||||||||||||||||||||||
income tax paid | ||||||||||||||||||||||||||||||||||
fixed assets write off | 0 | 0 | 0 | 8,808 | ||||||||||||||||||||||||||||||
inventory reserve | 2,382,447 | 0 | -138,046 | 142,733 | ||||||||||||||||||||||||||||||
fair value of vested advisory warrant | ||||||||||||||||||||||||||||||||||
changes in fair value of digital assets | ||||||||||||||||||||||||||||||||||
warrant expense | 0 | |||||||||||||||||||||||||||||||||
gain or loss on settlement of warrant exercise | -5,412 | |||||||||||||||||||||||||||||||||
decrease in inventory | ||||||||||||||||||||||||||||||||||
decrease in lease liability | -32,977 | -24,112 | 2,884 | -29,941 | -43,992 | -42,910 | -41,855 | -39,854 | -38,394 | -37,451 | -36,529 | -34,683 | -33,363 | -32,542 | -31,742 | -28,859 | -24,562 | -16,868 | -15,725 | -14,593 | ||||||||||||||
proceeds from sale of fixed assets | 0 | 0 | 0 | 3,204 | ||||||||||||||||||||||||||||||
purchase of digital intangible assets | ||||||||||||||||||||||||||||||||||
proceeds from fundraising activities | ||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock for cashless warrant exercise - | ||||||||||||||||||||||||||||||||||
repayment of loan | 0 | 0 | 0 | -28,484 | ||||||||||||||||||||||||||||||
supplemental disclosures of non-cash items | ||||||||||||||||||||||||||||||||||
stock dividend payable | -1 | -26 | -274 | -4,932 | 4,852 | -366 | -6,027 | 2,381 | 5,089 | 28,803 | -4,218 | -5,315 | -22,337 | -2,008 | 90,268 | -171,975 | 34,066 | |||||||||||||||||
right of use asset | -29,414 | 546,216 | 348,242 | -42,513 | -41,431 | 313,715 | -39,360 | -38,391 | -37,448 | 469,290 | -35,640 | -34,799 | -33,979 | 610,234 | -32,409 | -31,682 | 385,941 | 321,563 | -17,048 | 389,004 | 825,407 | |||||||||||||
lease liability | -32,976 | 587,303 | 347,257 | -43,992 | -42,910 | 324,064 | -38,394 | -37,451 | 481,618 | -34,683 | -33,363 | -32,542 | 618,735 | -30,049 | -28,859 | 377,865 | 331,520 | -15,725 | 393,667 | -423,966 | 394,412 | -15,205 | ||||||||||||
cashless warrants | 5,412 | |||||||||||||||||||||||||||||||||
increase in inventory | 0 | 138,046 | -231,791 | -3,277 | 0 | -22,284 | -90,632 | -10,640 | -259,349 | -444,470 | -645,680 | 215,165 | -174,952 | -598,183 | -136,988 | -266,412 | -61,493 | 14,389 | -53,550 | -33,248 | -54,282 | -60,000 | 1,743 | -93,185 | -132 | |||||||||
decrease in accounts payable and accrued liabilities | -59,871 | -68,604 | -124,769 | -540,778 | 139,525 | -190,597 | 818,065 | -223,532 | ||||||||||||||||||||||||||
proceeds from issuance of common stock | 1,003,218 | 145,803 | 0 | 0 | 728,503 | 419,967 | 656,811 | 1,113,832 | 0 | 0 | 7,545,460 | 854,052 | 321,076 | 496,606 | 0 | 9,798,293 | 5,459,052 | 530,416 | 0 | 0 | ||||||||||||||
proceeds from warrant issuances and exercises | ||||||||||||||||||||||||||||||||||
proceeds from issuance of cashless warrants | ||||||||||||||||||||||||||||||||||
net decrease in cash | -1,420,906 | -1,164,606 | -1,699,206 | -500,629 | 3,434,023 | 3,044,732 | -2,354,167 | -3,071,479 | 3,898,905 | -2,451,890 | ||||||||||||||||||||||||
proceeds from issuance of warrants | 0 | 0 | ||||||||||||||||||||||||||||||||
increase in prepaid expenses | -170,802 | -208,278 | -192,831 | -385,292 | 170,754 | 89,909 | 37,124 | 182,622 | -9,122 | -280,327 | 28,899 | 33,757 | -97,054 | -3,061 | -1,139 | |||||||||||||||||||
proceeds from warrant exercise | 6,609,829 | 77,419 | 0 | 0 | 112,927 | 4,593,646 | 11,200 | 39,238 | ||||||||||||||||||||||||||
gain on extinguishment of debt | 0 | 0 | 0 | -308,600 | ||||||||||||||||||||||||||||||
stock compensation expense including common stock issued for rsus | 250,557 | 252,739 | 255,855 | 237,279 | 290,769 | 309,183 | 311,349 | 288,537 | 411,737 | |||||||||||||||||||||||||
cash, beginning of year | ||||||||||||||||||||||||||||||||||
cash, end of year | ||||||||||||||||||||||||||||||||||
net income | ||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||
deemed dividend | 0 | 0 | 0 | 121,071 | ||||||||||||||||||||||||||||||
conversion of series a convertible preferred stock | 0 | 0 | 0 | -7 | 0 | -1,353 | 1,088 | -452 | ||||||||||||||||||||||||||
f-5 | ||||||||||||||||||||||||||||||||||
table of contents | ||||||||||||||||||||||||||||||||||
stock payable for investor relations | 46,250 | 40,000 | ||||||||||||||||||||||||||||||||
amortization of debt discount | 0 | 0 | 3,858 | 228,568 | 1,627,052 | 345,813 | 377,606 | |||||||||||||||||||||||||||
decrease in other current asset | ||||||||||||||||||||||||||||||||||
proceeds from loans | 0 | 0 | ||||||||||||||||||||||||||||||||
conversion of convertible notes and accrued interest | 0 | 0 | 0 | 493,814 | 1 | 1,027,000 | 0 | |||||||||||||||||||||||||||
exchange of balance in convertible notes and accrued interest for series a preferred stock | ||||||||||||||||||||||||||||||||||
conversion of series b convertible preferred stock | 0 | -72 | 59 | -23 | ||||||||||||||||||||||||||||||
stock issued for financing cost | ||||||||||||||||||||||||||||||||||
decrease in other asset | ||||||||||||||||||||||||||||||||||
stock issued for rsu | ||||||||||||||||||||||||||||||||||
common stock, options and warrants issued for services | 383,087 | 321,949 | 543,120 | 502,112 | 546,040 | 511,080 | 379,247 | 361,083 | 307,750 | 310,263 | 370,060 | 379,689 | 402,443 | 294,330 | ||||||||||||||||||||
payment for settlement of notes | ||||||||||||||||||||||||||||||||||
stock paid and payable for services | ||||||||||||||||||||||||||||||||||
proceeds from warrant exercises | 2,785,627 | |||||||||||||||||||||||||||||||||
impairment of other assets | ||||||||||||||||||||||||||||||||||
decrease in other current assets | ||||||||||||||||||||||||||||||||||
proceeds from senior secured convertible promissory notes, net of fees | 0 | |||||||||||||||||||||||||||||||||
proceeds from issuance of series a convertible preferred stock | ||||||||||||||||||||||||||||||||||
proceeds from issuance of series b convertible preferred stock | ||||||||||||||||||||||||||||||||||
discount on convertible notes | 0 | 0 | 0 | 0 | 0 | 0 | 225,000 | |||||||||||||||||||||||||||
exchange of balance in convertible notes and accrued interest for series a convertible preferred stock | ||||||||||||||||||||||||||||||||||
shares issued for financing cost | ||||||||||||||||||||||||||||||||||
deemed dividend related to warrant repriced | ||||||||||||||||||||||||||||||||||
prepaid expenses | ||||||||||||||||||||||||||||||||||
inventory | ||||||||||||||||||||||||||||||||||
other assets | ||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | ||||||||||||||||||||||||||||||||||
payment for settlement of notestock | ||||||||||||||||||||||||||||||||||
lease liability for right of use asset at inception | ||||||||||||||||||||||||||||||||||
increase in other asset | 8,750 | 0 | -252,148 | -2,614 | -5,058 | |||||||||||||||||||||||||||||
impairment of inventory | 0 | |||||||||||||||||||||||||||||||||
increase in accounts receivable | -505 | 0 | -4,920 | |||||||||||||||||||||||||||||||
supplemental disclosures of cash items: | ||||||||||||||||||||||||||||||||||
supplemental disclosures of non-cash items: | ||||||||||||||||||||||||||||||||||
imputed interest on promissory notes | 0 | 0 | 493 | 987 | ||||||||||||||||||||||||||||||
increase/decrease in accounts payable and accrued liabilities | ||||||||||||||||||||||||||||||||||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||
supplemental disclosures: | ||||||||||||||||||||||||||||||||||
decrease/increase in accounts receivable | ||||||||||||||||||||||||||||||||||
repayment of notes payable | 0 | 0 | ||||||||||||||||||||||||||||||||
proceeds from convertible notes | 0 | 0 | 0 | 0 | 225,000 | |||||||||||||||||||||||||||||
interest on discount of convertible debt | 351,727 | |||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of fees | ||||||||||||||||||||||||||||||||||
increase in other assets | -3,293 | -1,616 | ||||||||||||||||||||||||||||||||
addition warrants issued during exchange | ||||||||||||||||||||||||||||||||||
proceeds from notes payable | ||||||||||||||||||||||||||||||||||
common shares to be issued for accrued salaries - related parties | ||||||||||||||||||||||||||||||||||
additional warrants issued during exchange | ||||||||||||||||||||||||||||||||||
amortization of discount of convertible debt | 0 | |||||||||||||||||||||||||||||||||
conversion of convertible notes | ||||||||||||||||||||||||||||||||||
common stock and options issued for services | 29,697 | |||||||||||||||||||||||||||||||||
increase in deferred offering costs | -75,000 |