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Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities    
Net loss $ (2,605,495) $ (1,790,309)
Adjustments to reconcile net loss to net cash used in operating activities:    
Forgiveness of paycheck protection loan and accrued interest (104,168)  
Stock-based compensation expense 561,348 310,162
Change in operating assets and liabilities:    
Accounts receivable, net (104,484)  
Prepaid expenses, inventory and other assets 359,617 227,089
Accounts payable and other current liabilities (604,126) (140,941)
Accrued compensation (587,438) (157,896)
Accrued interest expense 122,589  
Deferred rent expense 9,038  
Net cash used in operating activities (2,953,119) (1,551,895)
Financing activities    
Proceeds from issuance of common stock, net of cost of $1,304,846 13,070,154  
Proceeds from issuance of common stock from employee stock purchase plan   21,250
Net cash provided by financing activities 13,070,154 21,250
Net increase (decrease) in cash and cash equivalents 10,117,035 (1,530,645)
Cash and cash equivalents at beginning of period 8,068,939 5,663,833
Cash and cash equivalents at end of period 18,185,974 $ 4,133,188
Non-cash financing activities    
Forgiveness of paycheck protection loan and accrued interest $ 104,168