What changed in this filing

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Item 2. Management’s Discussion and Analysis

2024-11-01 compared with 2024-08-12 · 74 added, 76 removed, 120 unchanged (56% of the section changed)

70 unchanged sentences

Issued Accounting Pronouncements

reviewed currently issued pronouncements during the six months ended June 30, 2024, and does not believe that any other recently issued,

but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying condensed unaudited

reviewed currently issued pronouncements during the nine months ended September 30, 2024, and does not believe that any other recently

issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying condensed unaudited

financial statements.

of Operations – Three months ended June 30, 2024 Compared to the Three months ended June 30, 2023.

of Operations – Three months ended September 30, 2024, compared to the Three months ended September 30, 2023.

and Marketing Expenses

and marketing (“S&M”) expenses increased by $54,380 to $70,229 for the three months ended June 30, 2024, compared to

$15,849 for the prior period ended June 30, 2023.

The primary increase in (S&M) expenses was the result of an increase in advertising

of $25,944, and an increase in marketing cost of $28,436.

and marketing (“S&M”) expenses increased by $47,178 to $83,539 for the three months ended September 30, 2024, compared

to $36,361 for the prior period ended September 30, 2023.

The primary increase in (S&M) expenses was the result of an increase in

service providers of $36,867, with an increase in other cost of $10,311.

and Administrative Expenses

and administrative (“G&A”) expenses decreased by $356,347 to $278,844 for the three months ended June 30, 2024, compared

to $635,191 for the prior period ended June 30, 2023.

The primary decrease in G&A expenses was the result of a decrease in fair value

of non-cash stock compensation of $355,455, with an overall increase in G&A expenses of $892.

and administrative (“G&A”) expenses decreased by $48,247 to $266,491 for the three months ended September 30, 2024, compared

to $314,738 for the prior period ended September 30, 2023.

The primary decrease in G&A expenses was the result of a decrease in professional

fees of $41,003, with an overall decrease in G&A expenses of $7,244.

and Development

and Development (“R&D”) expenses increased by $78,939 to $88,939 for the three months ended June 30, 2024, compared to

$10,000 for the prior period ended June 30, 2023.

This overall increase in R&D expenses was the result of an increase in outside

research fees.

and Development (“R&D”) expenses increased by $1,203 to $90,142 for the three months ended September 30, 2024, compared

to $88,939 for the prior period ended September 30, 2023.

This overall increase in R&D expenses was the result of an increase in

outside research fees.

and Amortization Expense

and amortization expense for the three months ended June 30, 2024 and 2023 was $1,027 and $1,027, respectively.

and amortization expense for the three months ended September 30, 2024 and 2023 was $1,027 and $1,027, respectively.

Income/(Expenses)

income and (expenses) decreased by $152 to $297 for the three months ended June 30, 2024, compared to $449 for the prior period ended

June 30, 2023.

The decrease in other income and (expenses) was the result of a decrease in interest income of $152.

The decrease in other

income and (expenses) was primarily due to the net change in interest income.

income and (expenses) increased by $3,340 to $3,761 for the three months ended September 30, 2024, compared to $421 for the prior period

ended September 30, 2023.

The increase in other income and (expenses) was the result of an increase in interest income of $3,340.

increase in other income and (expenses) was primarily due to the net change in interest income.

Income (Loss)

net loss for the three months ended June 30, 2024 was $438,742, compared to $661,618 for the prior period ended June 30, 2023.

in net loss was due to a decrease in non-cash expense` associated with the net change in stock option expense in the current period.

These estimates were based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility, variable

conversion prices based on market prices as defined in the respective agreements and probabilities of certain outcomes based on management

These inputs were subject to significant changes from period to period and to management’s judgment;

therefore, the

estimated fair value of the stock options fluctuate, and the fluctuation may be material.

net loss for the three months ended September 30, 2024 was $441,199, compared to $441,065 for the prior period ended September 30, 2023.

The Company has not generated any revenues.

of Operations – Six months ended June 30, 2024 Compared to the Six months ended June 30, 2023.

of Operations – Nine months ended September 30, 2024 Compared to the Nine months ended September 30, 2023.

and Marketing Expenses

and marketing (“S&M”) expenses increased by $129,351 to $145,200 for the six months ended June 30, 2024, compared to

$15,849 for the prior period ended June 30, 2023.

The primary increase in (S&M) expenses was the result of an increase in marketing

cost of $129,351.

and marketing (“S&M”) expenses increased by $52,210 to $228,739 for the nine months ended September 30, 2024, compared

to $176,529 for the prior period ended September 30, 2023.

The primary increase in (S&M) expenses was the result of an increase in

marketing cost.

and Administrative Expenses

and administrative (“G&A”) expenses decreased by $1,665,881 to $585,248 for the six months ended June 30, 2024, compared

to $2,251,129 for the prior period ended June 30, 2023.

The primary decrease in G&A expenses was the result of a decrease in fair

value of non-cash stock compensation of $1,753,393, with an overall decrease in G&A expenses of $87,512.

and administrative (“G&A”) expenses decreased by $1,714,129 to $851,738 for the nine months ended September 30, 2024,

compared to $2,565,867 for the prior period ended September 30, 2023.

The primary decrease in G&A expenses was the result of a decrease

in fair value of non-cash stock compensation of $1,766,554, with an overall increase in G&A expenses of $52,425.

and Development

and Development (“R&D”) expenses increased by $152,878 to $177,878 for the six months ended June 30, 2024, compared to

$25,000 for the prior period ended June 30, 2023.

This overall increase in R&D expenses was the result of an increase in outside

research fees.

and Development (“R&D”) expenses increased by $154,082 to $268,021 for the nine months ended September 30, 2024, compared

to $113,939 for the prior period ended September 30, 2023.

This overall increase in R&D expenses was the result of an increase in

outside research fees.

and Amortization Expense

and amortization expense for the six months ended June 30, 2024 and 2023 was $2,054 and $2,053, respectively.

and amortization expense for the nine months ended September 30, 2024 and 2023 was $3,080 and $3,080, respectively.

Income/(Expenses)

income and (expenses) decreased by $279 to $634 for the six months ended June 30, 2024, compared to $913 for the prior period ended June

income and (expenses) increased by $3,060 to $4,395 for the nine months ended September 30, 2024, compared to $1,335 for the prior period

ended September 30, 2023.

The decrease in other income and (expenses) was primarily due to the net change in interest income.

Income (Loss)

net loss for the six months ended June 30, 2024 was $909,746, compared to $2,293,118 for the prior period ended June 30, 2023.

in net loss was due to a decrease in non-cash expense` associated with the net change in stock option expense in the current period.

These estimates were based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility, variable

conversion prices based on market prices as defined in the respective agreements and probabilities of certain outcomes based on management

These inputs were subject to significant changes from period to period and to management’s judgment;

therefore, the

estimated fair value of the stock options fluctuate, and the fluctuation may be material.

The Company has not generated any revenues.

net loss for the nine months ended September 30, 2024 was $1,347,183, compared to $2,8598,080 for the prior period ended September 30,

The majority of the decrease in net loss was due to a decrease in non-cash expense associated with the net change in stock option

expense in the current period.

These estimates were based on multiple inputs, including the market price of our stock, interest rates,

our stock price volatility, variable conversion prices based on market prices as defined in the respective agreements and probabilities

of certain outcomes based on management projections.

These inputs were subject to significant changes from period to period and to management’s

therefore, the estimated fair value of the stock options fluctuate, and the fluctuation may be material.

The Company has not

generated any revenues.

AND CAPITAL RESOURCES

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operations, realization of assets and liabilities and commitments in the normal course of business.

The accompanying unaudited condensed

financial statements do not reflect any adjustments that might result if we are unable to continue as a going concern.

During the six

months ended June 30, 2024, we did not generate any revenues, and recognized a net loss of $909,746, due to a change in non-cash stock

compensation, and cash of $824,205 used in operations.

As of June 30, 2024, we had working capital of $2,890,580 and a shareholders’

deficit of $573,277.

The accompanying unaudited

condensed financial statements do not reflect any adjustments that might result if we are unable to continue as a going concern.

During the nine months ended September 30, 2024, we did not generate any revenues, and recognized a net loss of $1,347,183, due to a

decrease in non-cash stock compensation of $1,766,554, and cash of $1,189,145 used in operations.

As of September 30, 2024, we had working

capital of $2,509,114 and a shareholders’ deficit of $955,769.

Management believes the Company’s present cash flows will enable

it to meet its obligations for fifteen months from the date of these financial statements.

Management will continue to assess it operational

needs and seek additional financing as needed to fund its operations.

believes that we will be able to continue to raise funds through the sale of our securities to existing and new investors.

6 unchanged sentences

dilution for our stockholders, in case of equity financing.

of June 30, 2024, we had working capital of $2,890,580 compared to $3,678,942 for the year ended December 31, 2023.

This decrease in

working capital was due primarily to a decrease in cash.

the six months ended June 30, 2024, we used $824,205 of cash for operating activities, as compared to $422,098 for the prior period ended

June 30, 2023.

The increase in the use of cash for operating activities for the current period was a result of an increase in research

and development cost, advertising and marketing, and salaries.

cash provided from equity financing activities for the six months ended June 30, 2024 and June 30, 2023 was $0.

There was no equity financing

during the current or prior period.

Our capital needs have primarily been met from the proceeds of the sale of our securities, as we

currently have not generated any revenues.

of September 30, 2024, we had working capital of $2,509,114 compared to $3,678,942 for the year ended December 31, 2023.

This decrease

in working capital was due primarily to a decrease in cash.

the nine months ended September 30, 2024, we used $1,189,145 of cash for operating activities, as compared to $790,889 for the prior

period ended September 30, 2023.

The increase in the use of cash for operating activities for the current period was a result of an increase

in research and development cost, advertising and marketing, and salaries.

cash provided from equity financing activities for the nine months ended September 30, 2024 and September 30, 2023 was $0.

no equity financing during the current or prior period.

Our capital needs have primarily been met from the proceeds of the sale of our

securities, as we currently have not generated any revenues.

independent auditors, in their report on our audited financial statements for the year ended December 31, 2023, expressed substantial

1 unchanged sentence

Our financial statements as of

June 30, 2024 have been prepared under the assumption that we will continue as a going concern.

Our ability to continue as a going concern

ultimately is dependent upon our ability to generate revenue, which is dependent upon our ability to obtain additional equity or debt

financing, attain further operating efficiencies and, ultimately, to achieve profitable operations.

Our financial statements do not include

any adjustments that might result from the outcome of this uncertainty.

September 30, 2024, have been prepared under the assumption that we will continue as a going concern.

Our ability to continue as a going

concern, ultimately is dependent upon our ability to generate revenue, which is dependent upon our ability to obtain additional equity

or debt financing, attain further operating efficiencies and, ultimately, to achieve profitable operations.

Our financial statements

do not include any adjustments that might result from the outcome of this uncertainty.

OF OPERATION AND FINANCING NEEDS

15 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 2. Management’s Discussion and Analysis