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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities:    
Net loss $ (24,095,727) $ (14,185,306)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 93,416 103,168
Loss on disposal of property and equipment 51,782 0
Stock-based compensation expense 897,260 736,119
Abandonment of in-process research and development intangible asset 8,639,000 0
Change in deferred income taxes (443,893) (1,675,381)
Changes in operating assets and liabilities:    
Prepaid expenses, deposits and other assets (248,997) 518,169
Accounts payable, accrued expenses and other liabilities 605,370 950,602
Net cash used in operating activities (14,501,789) (13,552,629)
Cash flows provided by investing activities:    
Cash received from sale of property and equipment 4,000 0
Net cash provided by investing activities 4,000 0
Cash flows provided by financing activities:    
Proceeds from the sale of common stock, net of issuance costs 31,094,302 10,827,100
Proceeds from the sale of common stock warrants 2,201,450 8,046,103
Payment of offering costs 0 (982,328)
Net cash provided by financing activities 33,295,752 17,890,875
Net increase in cash and cash equivalents 18,797,963 4,338,246
Cash and cash equivalents at beginning of year 18,515,595 14,177,349
Cash and cash equivalents at end of year 37,313,558 $ 18,515,595
Supplemental disclosure of non-cash investing and financing activities:    
Vesting of restricted stock units $ 10