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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net loss $ (3,139,723) $ (9,218,081)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,213 3,338
Equity-based compensation expense 162,676 326,804
Changes in operating assets and liabilities:    
Grants receivable 0 1,480,490
Prepaid expenses and other assets 403,401 546,681
Accounts payable 16,613 (671,506)
Accrued expenses and other current liabilities 128,673 (53,608)
Net cash used in operating activities (2,426,147) (7,585,882)
Financing activities    
Proceeds from issuance of equity securities, net 88,703 7,020,890
Payments on note payable (289,643) 0
Net cash (used in) provided by financing activities (200,940) 7,020,890
Net decrease in cash, cash equivalents and restricted cash (2,627,087) (564,992)
Cash, cash equivalents and restricted cash at beginning of period 5,899,910 12,106,435
Cash, cash equivalents and restricted cash at end of period 3,272,823 11,541,443
Non-cash investing and financing activities:    
Cash paid for interest 4,816 0
Accrued issuance costs for issuance of equity securities $ 23,585 $ 100,419