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Condensed Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (9,179,004) $ (4,611,305)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Stock-based compensation 474,097 559,436
Depreciation 20,606 14,634
Non-cash changes in fair value of debt 962,400  
Debt issuance costs recognized as expense 1,168,065  
Non-cash interest expense   1,378
Changes in operating assets and liabilities    
Collaboration receivable 5,000,000 (10,000,000)
Prepaid expenses (430,787) (2,386)
Other current assets 8,455,326 (9,825,314)
Accounts payable 613,919 (1,243,184)
Accrued expenses 3,707,133 (1,554,676)
Deferred collaboration funding (5,371,546) 19,813,897
Other current liabilities (8,433,464) 9,852,524
Net cash (used in) provided by operating activities (3,013,255) 3,005,004
Cash flows from investing activities:    
Purchase of property and equipment (28,930) (5,322)
Net cash used in investing activities (28,930) (5,322)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs   3,139,047
Receipt of funds from Relief secured loans   4,000,000
Proceeds from Bridge Loan, net of warrant allocation and lender fees 6,013,148  
Proceeds from Secured Convertible Notes, net of lender fees 5,516,556  
Proceeds allocated to SWK Warrant based on valuation 327,031  
Payment of debt and convertible debt issuance costs (724,928)  
Net cash provided by financing activities 11,131,807 7,139,047
Net increase in cash and cash equivalents 8,089,622 10,138,729
Cash and cash equivalents, beginning of period 12,710,762 5,761,568
Cash and cash equivalents, end of period $ 20,800,384 15,900,297
Non-cash financing activities:    
Non-cash repayment of secured loan   $ 4,000,000