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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net loss $ (5,789,324) $ (7,415,415)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash stock-based compensation 728,973 355,555
Depreciation and amortization 9,100 8,917
Loss on disposal of investments 102,513  
Change in carrying amount of right-of-use asset 98,643 101,394
Changes in assets and liabilities:    
Prepaid expenses and other assets (182,896) (135,311)
Accounts payable, accrued liabilities and other liabilities (428,876) 956,112
Operating lease liabilities (98,562) (55,620)
Net cash used in operating activities (5,560,429) (6,184,368)
Investing activities:    
Proceeds from disposal of investments 39,929,015  
Acquisitions of property and equipment (18,577)  
Net cash provided by investing activities 39,910,438  
Financing activities:    
Proceeds from issuance of common stock and exercise of common stock options   7,920
Net Cash Provided by (Used in) Financing Activities, Total   7,920
Effect of exchange rate changes on cash and cash equivalents 20,769 (21,238)
Net change in cash and cash equivalents 34,370,778 (6,197,686)
Cash and cash equivalents, beginning of period 18,505,493 71,430,954
Cash and cash equivalents, end of period 52,876,271 $ 65,233,268
Supplemental disclosure of non-cash investing activities:    
Right-of-use asset obtained in exchange for operating lease liability $ 139,001