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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net loss $ (16,918,477) $ (14,847,380)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 4,074,458 432,321
Stock-based 401K company common match 35,747 19,967
Depreciation expense 5,357 15,608
Operating lease expense 241,031 160,684
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (99,904) 810,797
Accounts payable (105,821) 217,504
Accrued expenses 452,382 637,682
Restructuring reserve 0 (498,185)
Operating lease liabilities (170,839) (98,133)
Net cash used in operating activities (12,486,066) (13,149,135)
Cash flows from financing activities:    
Proceeds from exercise of warrants 0 70,459
Proceeds from exercise of stock options 344,125 0
Proceeds from issuances of common stock, net of issuance costs 48,544,998 29,756,502
Net cash provided by financing activities 48,889,123 29,826,961
Net increase in cash and cash equivalents 36,403,057 16,677,826
Cash and cash equivalents at beginning of period 28,839,565 12,161,739
Cash and cash equivalents at end of period $ 65,242,622 $ 28,839,565