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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (2,853,806) $ (13,259,921)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 705,770 1,930,753
Depreciation 30,758 18,037
Inducement expense 2,567,044 0
Change in fair value of derivative instrument-warrants (1,160,652) 0
Change in fair value of contingent consideration (770,000) 48,434
Changes in operating assets and liabilities:    
Accounts payable and accrued expenses (2,497,276) 566,623
Right of use asset 30,859 50,585
Operating lease liability (33,752) (53,614)
Prepaid expenses 364,262 2,484,590
Net cash used in operating activities (3,616,793) (8,214,513)
Cash flows from investing activities:    
Net cash (used in) provided by investing activities 0 0
Cash flows from financing activities:    
Net cash provided by financing activities 1,849,707 0
Effect of exchange rates on cash 86,708 18,784
Net decrease in cash (1,680,378) (8,195,729)
Cash at beginning of period 14,785,880 51,189,088
Cash at end of period 13,105,502 42,993,359
Supplementary disclosure of non-cash financing activities:    
Conversion of Series C convertible preferred stock 0 1,000
Inducement expense for issuance of Series B-1 and B-2 warrants $ 2,821,399 $ 0