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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (12,569,390) $ (4,840,463)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 652,209 107,948
Amortization of right of use assets 155,800 125,567
Depreciation 1,793 175
Forgiveness of PPP loan (37,772)  
Non-cash Interest on redeemable preferred stock 96,328  
Long-term milestone payable due to Patagonia Pharmaceuticals LLC 1,750,000  
Changes in assets and liabilities:    
Other receivable   (253,892)
Prepaid research and development (701,434) (2,459)
Other current assets 6,864 1,367
Deposits   (13,000)
Accounts payable (532,997) 990,803
Accrued expenses 558,411 (199,929)
Lease liability (158,676) (118,872)
Current milestone payable due to Patagonia Pharmaceuticals, LLC 2,250,000  
Net cash used in operating activities (8,528,864) (4,202,755)
Cash flows from investing activities    
Purchase of property and equipment (5,947) (16,903)
Net cash used in investing activities (5,947) (16,903)
Net decrease in cash (8,534,811) (4,219,658)
Cash, beginning of period 16,808,539 10,348,693
Cash, end of period 8,273,728 6,129,035
Non-cash investing and financing activities:    
Long-term milestone payable to Patagonia Pharmaceuticals LLC 1,750,000  
Accrued Series A preferred stock dividend   72,173
Cashless exercise of VARs $ 60  
Series A Warrants    
Non-cash investing and financing activities:    
Cashless exercise of warrants   2,060
Series B Warrants    
Non-cash investing and financing activities:    
Cashless exercise of warrants   $ 7,468