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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Cash flows from operating activities:      
Net loss $ (10,603,477) $ (9,659,918)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation expense 1,630,011 2,080,319  
Amortization of debt discount 270,236 121,997  
Depreciation expense 4,735 3,155  
Operating lease expense 0 60,257  
Finance lease depreciation expense 9,670 10,957  
Changes in assets and liabilities:      
Prepaid expenses and other assets 443,210 (113,758)  
Accounts payable (981,993) 852,774  
Accrued expenses (710,581) (6,455,317)  
Operating lease liabilities 0 (89,102)  
Net cash used in operating activities (9,938,189) (13,188,636)  
Cash flows from financing activities:      
Proceeds from exercise of stock options 531,091 0  
Payments of finance lease obligations (13,475) (20,667)  
Proceeds from issuance of common stock, net of issuance costs 19,494,473 4,588,522 $ 16,100,000
Net cash provided by financing activities 20,012,089 4,567,855  
Net (decrease) increase in cash and cash equivalents 10,073,900 (8,620,781)  
Cash and cash equivalents at beginning of period 56,560,517 73,820,160 73,820,160
Cash and cash equivalents at the end of period 66,634,417 65,199,379 $ 56,560,517
Supplemental information of cash and non-cash transactions:      
Cash paid for interest $ 1,174,745 $ 966,845