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Condensed Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating expenses:        
Research and development (net of collaboration funding of $600,072 and $1,648,631 in the three months ended June 30, 2023 and 2022, respectively, and of $1,318,482 and $4,648,002 in the six months ended June 30, 2023 and 2022, respectively) $ 1,440,717 $ 3,426,773 $ 3,861,837 $ 6,598,412
General and administrative (net of collaboration funding of $1,404,695 and $3,257,701 in the three months ended June 30, 2023 and 2022, respectively, and of $2,547,291 and $5,629,876 in the six months ended June 30, 2023 and 2022, respectively) 2,853,760 3,638,073 5,421,942 7,513,674
Total operating expenses 4,294,477 7,064,846 9,283,779 14,112,086
Loss from operations (4,294,477) (7,064,846) (9,283,779) (14,112,086)
Other income (expense), net:        
Costs of debt issuance   (200,129) (577,225) (1,368,194)
Loss on extinguishment of debt (350,000)   (8,541,494)  
Changes in fair value of debt instruments (loss) gain (2,806,538) 4,729,460 (5,018,223) 3,767,060
Interest and other income (expense), net (639,610) (139,234) (926,147) (142,072)
Foreign currency transaction (loss) gain (95) 7,713 (24,558) 9,252
Total other income (expense), net (3,796,243) 4,397,810 (15,087,647) 2,266,046
Net loss $ (8,090,720) $ (2,667,036) $ (24,371,426) $ (11,846,040)
Net loss per share - basic $ (0.33) $ (0.17) $ (1.07) $ (0.80)
Weighted average common shares outstanding - basic 24,462,895 15,273,707 22,765,268 14,794,637
Net loss per share - diluted $ (0.33) $ (0.30) $ (1.07) $ (0.83)
Weighted average common shares outstanding - diluted 24,462,895 17,681,400 22,765,268 16,372,537