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Condensed Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (11,846,040) $ (7,680,342)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Stock-based compensation 934,874 1,154,099
Depreciation 38,796 32,637
Non-cash changes in fair value of debt (3,767,060)  
Debt issuance costs recognized as expense 1,368,194  
Gain on extinguishment of debt   (568,909)
Non-cash interest expense   2,756
Loss on disposal of property and equipment, net 4,669  
Changes in operating assets and liabilities    
Collaboration receivable 5,000,000  
Prepaid expenses 427,911 251,338
Other current assets 9,215,320 (9,395,172)
Accounts payable 2,086,257 136,346
Accrued expenses 3,139,771 (2,281,814)
Deferred collaboration funding (10,277,878) 18,191,292
Other current liabilities (9,190,901) 9,400,708
Net cash (used in) provided by operating activities (12,866,087) 9,242,939
Cash flows from investing activities:    
Purchase of property and equipment (30,935) (15,222)
Net cash used in investing activities (30,935) (15,222)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs 3,524,198 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 (724,929)  
Net cash provided by financing activities 14,656,004 7,139,047
Net increase in cash and cash equivalents 1,758,982 16,366,764
Cash and cash equivalents, beginning of period 12,710,762 5,761,568
Cash and cash equivalents, end of period 14,469,744 22,128,332
Supplemental cash flow information:    
Cash paid for interest $ 136,500  
Non-cash financing activities:    
Non-cash repayment of secured loan   4,000,000
Extinguishment of debt   $ 568,909