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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net loss $ (32,722,168) $ (20,353,938)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 4,668,815 2,379,360
Depreciation and amortization 86,073 34,515
Change in fair value of derivative instrument-warrants 0 6,050
Change in fair value of contingent consideration 2,310,000 140,000
Changes in operating assets and liabilities:    
Accounts payable and accrued expenses (1,067,847) 3,039,242
Right of use asset 252,803 241,421
Operating lease liability (258,589) (231,866)
Prepaid expenses and other assets (4,493,568) (1,419,986)
Net cash used in operating activities (31,224,481) (16,165,202)
Cash flows from investing activities:    
Purchase of property and equipment (130,405) (87,983)
Proceeds from disposal of property and equipment 0 2,194
Net cash used in investing activities (130,405) (85,789)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net of issuance costs 82,153,600 42,866,272
Proceeds from debt financing 0 176,585
Repayment of debt financing (176,585) 0
Proceeds from the exercise of warrants 0 12,000
Net cash provided by financing activities 81,977,015 43,054,857
Net increase in cash 50,622,129 26,803,866
Cash at beginning of period 40,726,838 13,922,972
Cash at end of period 91,348,967 40,726,838
Supplementary disclosure of cash flow information:    
Cash paid for interest 2,024 0
Supplementary disclosure of non-cash financing activities:    
Conversion of Series C convertible preferred stock (part of Series C deemed dividend) 11,000 10,000
Fair value of warrants issued to placement agent 2,013,055 1,278,432
Adoption of new accounting standard $ 11,672 $ 0