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Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating activities        
Net loss $ (1,693,907) $ (2,013,864) $ (5,804,894) $ (6,420,909)
Adjustments to reconcile net loss to net cash used in operating activities:        
Stock-based compensation expense 281,758 355,752 846,470 1,103,737
Non-cash lease expense     115,704 12,428
Change in operating assets and liabilities:        
Accounts receivable, net     (609,072) (379,777)
Prepaid expenses, inventory and other assets     613,009 888,976
Accounts payable and other accrued expenses     463,130 146,662
Accrued compensation     238,511 197,676
Accrued interest expense     373,973 373,973
Operating lease liabilities     (115,704) (12,428)
Net cash used in operating activities     (3,878,873) (4,089,662)
Financing activities        
Proceeds from issuance of common stock from ATM       7,443,969
Payment of common stock offering costs from ATM       (148,993)
Net cash provided by financing activities       7,294,976
Net (decrease)/increase in cash and cash equivalents     (3,878,873) 3,205,314
Cash and cash equivalents at beginning of period     9,843,699 9,144,710
Cash and cash equivalents at end of period $ 5,964,826 $ 12,350,024 $ 5,964,826 12,350,024
Supplemental disclosure of non-cash investing and financing activities        
Operating lease right-of-use assets obtained in exchange for operating lease liabilities       $ 153,671