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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Cash flows from operating activities:      
Net loss $ (9,659,918) $ (8,473,522)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation expense 2,080,319 1,128,973  
Amortization of debt discount 121,997 0  
Depreciation expense 3,155 86  
Operating lease expense 60,257 60,257  
Finance lease depreciation expense 10,957 0  
Changes in assets and liabilities:      
Prepaid expenses and other assets (113,758) (251,837)  
Accrued expenses (6,455,317) (226,236)  
Accounts payable 852,774 1,436,306  
Operating lease liabilities (89,102) (43,036)  
Net cash used in operating activities (13,188,636) (6,369,009)  
Cash flows from financing activities:      
Proceeds from exercise of stock options 0 7,488  
Payments of finance lease obligations (20,667) 0  
Proceeds from issuances of common stock, net of issuance costs 4,588,522 0 $ 9,900,000
Net cash provided by financing activities 4,567,855 7,488  
Net decrease in cash and cash equivalents (8,620,781) (6,361,521)  
Cash and cash equivalents at beginning of period 73,820,160 65,242,622 65,242,622
Cash and cash equivalents at end of period 65,199,379 58,881,101 $ 73,820,160
Supplemental information of cash and non-cash transactions:      
Cash paid for interest $ 966,845 $ 0