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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (14,927,505) $ (9,900,189)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 204,501 102,332
Stock-based compensation 2,223,233 1,465,261
Forgiveness of debt   (318,160)
Changes in lease liabilities 145,466 0
Changes in operating assets and liabilities:    
Receivables (155,830) 0
Prepaid expenses and other current assets 500,668 357,873
Other assets 7,550 0
Accounts payable and accrued expenses 11,465 82,391
Accounts payable and accrued expenses, related party (505,253) 366,679
Deferred revenue 30,000,000 0
Net cash provided by (used in) operating activities 17,504,295 (7,843,813)
Cash flows from investing activities:    
Purchase of marketable securities (49,012,053) 0
Proceeds from sales and maturities of marketable securities 14,012,000 0
Purchases of property and equipment (748,575) (359,371)
Payments for leasehold improvements (289,345) 0
Net cash used in investing activities (36,037,973) (359,371)
Cash flows from financing activities:    
Net proceeds from sale of common stock   13,613,838
Proceeds from exercise of stock awards 42,471 1,436
Net cash provided by financing activities 42,471 13,615,274
Net increase (decrease) in cash and cash equivalents (18,491,207) 5,412,090
Cash and cash equivalents balance at beginning of period 34,885,274 32,665,874
Cash and cash equivalents balance at end of period $ 16,394,067 38,077,964
Supplemental disclosures of cash flow information:    
Interest paid in cash   0
Income taxes paid in cash   $ 0