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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net loss $ (4,258,279) $ (4,723,663)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 851,471 946,262
Amortization of held-to-maturity securities, net (52,037) (47,516)
Amortization of debt issuance costs 43,961 0
Gain from the sale of investment in Alphazyme (60,977) (1,017,592)
Foreign currency exchange loss, net 14,044 38,143
Changes in operating assets and liabilities:    
Interest receivable (30,752) 48,463
Accounts receivable 114,814 (107,666)
Prepaid expenses and other current assets (46,386) (91,537)
Operating lease assets and liabilities 1,163 (4,946)
Accounts payable (109,426) (691,471)
Accrued expenses 121,623 7,347
Deferred research and development obligation 24,370 (132,353)
Deferred license revenue 0 (26,846)
Net cash used in operating activities (3,278,411) (5,803,375)
Cash flows from investing activities    
Purchases of held-to-maturity investment securities (5,971,505) (2,251,018)
Proceeds from maturities of investment securities 2,771,000 8,373,000
Proceeds from the sale of investment in Alphazyme 60,977 1,293,760
Net cash (used in) provided by investing activities (3,139,528) 7,415,742
Cash flows from financing activities    
Net cash provided by financing activities 5,824,326 0
Effect of exchange rate changes on cash 199 (3,463)
Net (decrease) increase in cash and cash equivalents (593,414) 1,608,904
Cash and cash equivalents at beginning of period 6,515,028 5,794,272
Cash and cash equivalents at end of period 5,921,614 7,403,176
Supplemental cash flow information    
Vesting of restricted stock units 664,086 342,186
Conversion of convertible notes 600,000 0
Cash paid for interest 149,778 0
Right-of-use asset obtained in exchange for lease obligations 0 156,983
Nonrelated Party [Member]    
Changes in operating assets and liabilities:    
Accrued interest 80,000 0
Cash flows from financing activities    
Proceeds from issuance of convertible notes, net of issuance costs 3,882,884 0
Related Party [Member]    
Changes in operating assets and liabilities:    
Accrued interest 28,000 0
Cash flows from financing activities    
Proceeds from issuance of convertible notes, net of issuance costs $ 1,941,442 $ 0