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Condensed Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (10,953,350) $ (16,647,765)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Stock-based compensation 1,754,412 1,758,315
Depreciation 51,225 53,058
Gain on extinguishment of debt (568,909)  
Fair value of share issued for commitment fee   355,555
Non-cash interest expense   2,297
Changes in operating assets and liabilities    
Prepaid expenses (427,189) (61,018)
Other current assets (9,323,586) 21,975
Accounts payable (583,048) 353,114
Accrued expenses (1,697,086) 1,009,217
Deferred collaboration funding 13,771,957  
Other current liabilities 9,260,913 7,719
Net cash provided by (used in) operating activities 1,285,339 (13,147,533)
Cash flows from investing activities:    
Purchase of property and equipment (34,458) (2,229)
Net cash used in investing activities (34,458) (2,229)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs 3,139,047 6,667,091
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 7,229,570
Net increase (decrease) in cash and cash equivalents 8,389,928 (5,920,192)
Cash and cash equivalents, beginning of period 5,761,568 12,077,640
Cash and cash equivalents, end of period 14,151,496 $ 6,157,448
Non-cash financing activities:    
Extinguishment of debt $ 568,909