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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (21,298,620) $ (13,831,996)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 341,529 167,052
Stock-based compensation 3,310,366 2,185,542
Gain on forgiveness of debt   (318,160)
Changes in lease liabilities 168,254 0
Changes in operating assets and liabilities:    
Receivables (155,830) (180,178)
Prepaid expenses and other current assets 816,253 732,300
Other assets 7,550 (200,000)
Accounts payable and accrued expenses 735,985 (224,409)
Accounts payable and accrued expenses, related party (515,232) 488,108
Deferred revenue 28,408,434 0
Net cash provided by (used in) operating activities 11,818,689 (11,181,741)
Cash flows from investing activities:    
Purchase of marketable securities (82,175,353) 0
Proceeds from sales and maturities of marketable securities 44,097,961 0
Purchases of property and equipment (1,306,199) (827,615)
Payments for leasehold improvements (831,032) 0
Net cash used in investing activities (40,214,623) (827,615)
Cash flows from financing activities:    
Net proceeds from sale of common stock 1,880,324 20,175,991
Proceeds from exercise of stock awards 43,989 6,649
Net cash provided by financing activities 1,924,313 20,182,640
Net increase (decrease) in cash and cash equivalents (26,471,621) 8,173,284
Cash and cash equivalents balance at beginning of period 34,885,274 32,665,874
Cash and cash equivalents balance at end of period $ 8,413,653 40,839,158
Supplemental disclosures of cash flow information:    
Interest paid in cash   0
Income taxes paid in cash   $ 0