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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (6,929,685) $ (6,063,517)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,541,450 957,871
Depreciation and amortization 22,730 18,143
Change in fair value of contingent consideration (324,992) 30,000
Changes in operating assets and liabilities:    
Accounts payable and accrued expenses 76,304 (1,902,277)
Right of use asset 67,170 0
Operating lease liability (69,652) 0
Prepaid expenses and other assets (4,512,635) (389,468)
Net cash used in operating activities (10,129,310) (7,349,248)
Cash flows from investing activities:    
Purchase of property and equipment 0 (82,105)
Net cash used in investing activities 0 (82,105)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net of issuance costs 0 82,153,600
Contingent consideration milestone payment (2,000,000) 0
Net cash provided by financing activities (2,000,000) 82,153,600
Effect of exchange rates on cash 3,169 0
Net increase in cash (12,126,141) 74,722,247
Cash at beginning of period 91,348,967 40,726,838
Cash at end of period 79,222,826 115,449,085
Supplementary disclosure of non-cash financing activities:    
Conversion of Series C convertible preferred stock 5,000 10,000
Issuance of common stock in conjunction with milestone payment 5,008 0
Fair value of warrants issued to placement agent 0 2,013,055
Adoption of new accounting standard $ 0 $ 11,672