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Condensed Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net loss $ (7,680,342) $ (10,719,507)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Stock-based compensation 1,154,099 1,270,912
Depreciation 32,637 35,419
Gain on extinguishment of debt (568,909)  
Fair value of share issued for commitment fee   355,555
Non-cash interest expense 2,756 917
Changes in operating assets and liabilities    
Prepaid expenses 251,338 332,352
Other current assets (9,395,172)  
Accounts payable 136,346 (126,624)
Accrued expenses (2,281,814) 150,623
Deferred collaboration funding 18,191,292  
Other current liabilities 9,400,708  
Net cash provided by (used in) operating activities 9,242,939 (8,700,353)
Cash flows from investing activities:    
Purchase of property and equipment (15,222)  
Net cash used in investing activities (15,222)  
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs 3,139,047 1,941,095
Proceeds from Paycheck Protection Program loan   562,479
Receipt of funds from secured loan 4,000,000  
Net cash provided by financing activities 7,139,047 2,503,574
Net increase (decrease) in cash and cash equivalents 16,366,764 (6,196,779)
Cash and cash equivalents, beginning of period 5,761,568 12,077,640
Cash and cash equivalents, end of period 22,128,332 $ 5,880,861
Non-cash financing activities:    
Extinguishment of debt $ 568,909