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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 $ (26,840,984) $ (13,730,622)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,703,958 2,352,770
Depreciation and amortization 41,257 39,552
Change in fair value of contingent consideration (414,992) 840,014
Impairment of goodwill 1,870,924 0
Changes in operating assets and liabilities:    
Accounts payable and accrued expenses 7,736,105 (208,440)
Right of use asset 134,907 120,152
Operating lease liability (140,136) (122,710)
Prepaid expenses and other assets (1,720,352) (1,809,646)
Net cash used in operating activities (17,629,313) (12,518,930)
Cash flows from investing activities:    
Purchase of property and equipment 0 (93,920)
Proceeds from disposal of property and equipment 2,266 0
Net cash provided by (used in) investing activities 2,266 (93,920)
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
Repayment of debt financing 0 (176,585)
Net cash (used in) provided by financing activities (2,000,000) 81,977,015
Effect of exchange rates on cash (14,415) 0
Net (decrease) increase in cash (19,641,462) 69,364,165
Cash at beginning of period 91,348,967 40,726,838
Cash at end of period 71,707,505 110,091,003
Supplementary disclosure of cash flow information:    
Cash paid for interest 941 2,024
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