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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Cash flows from operating activities:              
Net loss $ (9,434,208) $ (8,488,967) $ (8,327,897) $ (10,603,477) $ (17,923,175) $ (18,931,374)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Stock-based compensation expense         1,701,911 3,425,733  
Issuance of shares in consulting agreements         203,501 267,000  
Amortization of debt discount         1,386,606 554,010  
Depreciation expense         10,918 10,194  
Finance lease depreciation expense         19,340 19,339  
Changes in assets and liabilities:              
Prepaid expenses and other assets         (4,963,760) 66,806  
Accounts payable         2,812,566 (3,730,334)  
Accrued expenses         (1,381,286) (477,471)  
Net cash used in operating activities         (18,133,379) (18,796,097)  
Cash flows from investing activities:              
Purchase of equipment         0 (28,999)  
Net cash used in investing activities         0 (28,999)  
Cash flows from financing activities:              
Proceeds from issuance of pre-funded warrants         1,009,969 0  
Proceeds from issuance of warrants         2,150,771 0  
Proceeds from exercise of pre-funded warrants         94 0  
Proceeds from exercise of stock options         0 531,091  
Payments of finance lease obligations         (29,862) (27,261)  
Loan principal payments         (4,166,667) 0  
Loan repayment         (18,645,833) 0  
Net proceeds from issuance of loan         19,237,880 0  
Proceeds from issuance of common stock from the Sales Agreement, net         1,766,757 19,494,473  
Proceeds from issuance of common stock, net of issuance costs         6,994,174 0  
Net cash provided by financing activities         8,317,283 19,998,303  
Net decrease in cash and cash equivalents         (9,816,096) 1,173,207  
Cash and cash equivalents at beginning of period   $ 41,689,591   $ 56,560,517 41,689,591 56,560,517 $ 56,560,517
Cash and cash equivalents at the end of period $ 31,873,495   $ 57,733,724   31,873,495 57,733,724 $ 41,689,591
Supplemental information of cash and non-cash transactions:              
Cash paid for interest         $ 1,581,846 $ 2,362,716