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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Cash flows from operating activities:              
Net loss $ (8,327,897) $ (10,603,477) $ (11,534,895) $ (9,659,918) $ (18,931,374) $ (21,194,813)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Stock-based compensation expense         3,425,733 4,185,857  
Issuance of shares in consulting agreement         267,000 610,000  
Amortization of debt discount 283,774   121,997   554,010 233,523  
Depreciation expense         10,194 7,891  
Operating lease expense         0 120,514  
Finance lease depreciation expense         19,339 20,627  
Changes in assets and liabilities:              
Prepaid expenses and other assets         66,806 (65,728)  
Accounts payable         (3,730,334) 3,195,618  
Accrued expenses         (477,471) (4,937,383)  
Operating lease liabilities         0 (179,136)  
Net cash used in operating activities         (18,796,097) (18,003,030)  
Cash flows from investing activities:              
Purchase of equipment         (28,999) 0  
Net cash used in investing activities         (28,999) 0  
Cash flows from financing activities:              
Proceeds from exercise of stock options         531,091 8,849  
Payments of finance lease obligations         (27,261) (33,253)  
Proceeds from issuance of common stock, net of issuance costs 0       19,494,473 4,832,265 $ 16,100,000
Net cash provided by financing activities         19,998,303 4,807,861  
Net increase in cash and cash equivalents         1,173,207 (13,195,169)  
Cash and cash equivalents at beginning of period   $ 56,560,517   $ 73,820,160 56,560,517 73,820,160 73,820,160
Cash and cash equivalents at the end of period $ 57,733,724   $ 60,624,991   57,733,724 60,624,991 $ 56,560,517
Supplemental information of cash and non-cash transactions:              
Cash paid for interest         $ 2,362,716 $ 1,962,241