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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Operating activities        
Net loss $ (4,111,844) $ (11,660,897) $ (12,542,693) $ (31,607,956)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 3,318 8,946 10,051 6,677
Equity-based compensation expense 222,685 439,462 524,838 796,803
Grant receivable writeoff 0 130,000 130,000
Changes in operating assets and liabilities:        
Grants receivable 0 1,480,490 1,480,490 0
Prepaid expenses and other current assets 506,888 671,848 807,770 202,538
Accounts payable (437,052) (1,769,690) (2,255,477) 1,312,735
Accrued expenses and other current liabilities 33,186 (635,067) (1,001,116) 854,527
Net cash (used in) operating activities (3,782,819) (11,334,908) (12,846,137) (17,595,321)
Financing activities        
Proceeds from issuance of equity securities 1,526,460 6,920,530 6,920,529 1,987,376
Payments on note payable (359,522) (111,469) (280,917) 0
Net cash provided by financing activities 1,166,938 6,809,061 6,639,612 1,987,376
Net decrease in cash, cash equivalents and restricted cash (2,615,881) (4,525,847) (6,206,525) (17,107,945)
Cash, cash equivalents and restricted cash at beginning of period 5,899,910 12,106,435 12,106,435 29,214,380
Cash, cash equivalents and restricted cash at end of period 3,284,029 7,580,588 5,899,910 12,106,435
Non-cash investing and financing activities:        
Cash paid for interest 12,064 6,799 14,754 0
Accrued cost for shares issued for cash 0 0 2,500
Insurance premium financed by note payable $ 398,728 $ 570,560 $ 570,560