|
FY2025
12 months to Dec 31, 2025
|
FY2024
12 months to Dec 31, 2024
|
FY2023
12 months to Dec 31, 2023
|
|
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net loss | |||
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Related party payable | |||
| Accounts payable and accrued expenses | |||
| Accrued interest - note payable - Lucius Partners Opportunity Fund | |||
| Stock-compensation expense | |||
| Change in fair value of SAFE notes | |||
| Changes in operating assets and liabilities: | |||
| Prepaids and other current assets | |||
| Accounts payable and accrued expenses | |||
| Net cash used in operating activities | |||
| Cash flows from financing activities: | |||
| Note payable – stockholder repayment | |||
| Note payable – stockholder proceeds | |||
| Note payable – proceeds from Lucius Partners Opportunity Fund | |||
| Proceeds from issuance of SAFE notes | |||
| Proceeds from issuance of common stock and warrants in private placement | |||
| Repayment of LPOF Note | |||
| Repayment of shareholder note | |||
| Payment of offering costs related to private placement | |||
| Proceeds from issuance of restricted stock awards | |||
| Net cash provided by financing activities | |||
| Net increase (decrease) in cash and cash equivalents | |||
| Net increase in cash and cash equivalents | |||
| Cash and cash equivalents at beginning of the year | |||
| Cash and cash equivalents at end of the year | |||
| Taxes paid | |||
| Note payable represent constructive payments for expenses paid by stockholder on behalf of the Company | |||
| Supplemental schedule of non-cash activities: | |||
| Recapitalization of Unite Acquisition 3 Corp. accumulated deficit at time of the exchange | |||
| Conversion of SAFE notes | |||
| Common stock cancelled at the time of the exchange |
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