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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Cash flows from operating activities:              
Net loss $ (11,534,895) $ (9,659,918) $ (5,819,200) $ (8,473,522) $ (21,194,813) $ (14,292,722)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Stock-based compensation expense         4,185,857 2,477,574  
Issuance of shares in consulting agreement         267,000 0  
Amortization of debt discount 121,997       233,523 0  
Depreciation expense         7,891 86  
Operating lease expense         120,514 120,514  
Finance lease depreciation expense         20,627 0  
Changes in assets and liabilities:              
Prepaid expenses and other assets         277,272 (1,160,341)  
Accounts payable         3,195,618 568,588  
Accrued expenses         (4,937,383) 115,217  
Operating lease liabilities         (179,136) (116,783)  
Net cash used in operating activities         (18,003,030) (12,287,867)  
Cash flows from financing activities:              
Proceeds from exercise of stock options         8,849 29,917  
Payments of finance lease obligations         (33,253) 0  
Proceeds from issuance of common stock, net of issuance costs 200,000       4,832,265 0 $ 9,900,000
Net cash provided by financing activities         4,807,861 29,917  
Net increase in cash and cash equivalents         (13,195,169) (12,257,950)  
Cash and cash equivalents at beginning of period   $ 73,820,160   $ 65,242,622 73,820,160 65,242,622 65,242,622
Cash and cash equivalents at the end of period $ 60,624,991   $ 52,984,672   60,624,991 52,984,672 $ 73,820,160
Supplemental information of cash and non-cash transactions:              
Cash paid for interest         $ 1,962,241 $ 0