XML 22 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities    
Net loss $ (8,537,952) $ (13,154,671)
Adjustments to reconcile net loss to net cash used in operating activities:    
Reserve for obsolete inventory 30,000
Forgiveness of paycheck protection loan and accrued interest (105,130)
Stock-based compensation expense 1,878,954 1,628,558
Change in operating assets and liabilities:    
Accounts receivable, net (271,882)
Prepaid expenses and other assets 157,593 (396,834)
Inventory 20,946 (236,480)
Accounts payable and other current liabilities (527,859) 243,356
Accrued compensation (496,915) 173,070
Accrued interest expense 499,301 112,994
Milestone payable (5,000,000) 5,000,000
Net cash used in operating activities (12,352,944) (6,630,007)
Financing activities    
Proceeds from issuance of common stock, net 13,070,154
Proceeds from issuance of common stock from ATM, net 313,107 3,595,713
Proceeds from issuance of common stock from employee stock purchase plan 119,416
Proceeds from issuance of common stock from stock options exercises 45,454 215,816
Proceeds from paycheck protection program 104,168
Proceeds from Eversana line of credit 5,000,000
Net cash provided by financing activities 13,428,715 9,035,113
Net increase in cash and cash equivalents 1,075,771 2,405,106
Cash and cash equivalents at beginning of period 8,068,939 5,663,833
Cash and cash equivalents at end of period 9,144,710 8,068,939
Non-cash financing activities    
Forgiveness of paycheck protection loan and accrued interest $ 105,130