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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities    
Net loss $ (4,111,844) $ (11,660,897)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,318 8,946
Equity-based compensation expense 222,685 439,462
Grant receivable write-off 0 130,000
Changes in operating assets and liabilities:    
Grants receivable 0 1,480,490
Prepaid expenses and other assets 506,888 671,848
Accounts payable (437,052) (1,769,690)
Accrued expenses and other current liabilities 33,186 (635,067)
Net cash used in operating activities (3,782,819) (11,334,908)
Financing activities    
Proceeds from issuance of equity securities, net 1,526,460 6,920,530
Payments on note payable (359,522) (111,469)
Net cash (used in) provided by financing activities 1,166,938 6,809,061
Net decrease in cash, cash equivalents and restricted cash (2,615,881) (4,525,847)
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 3,284,029 7,580,588
Non-cash investing and financing activities:    
Cash paid for interest 12,064 6,799
Accrued issuance costs for issuance of equity securities 0 0
Insurance premium financed by note payable $ 398,728 $ 570,560