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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (6,670,680) $ (4,633,301)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 145,229 358,840
Change in operating assets and liabilities:    
Prepaid expenses and other current assets (233,047) (469,003)
Accounts payable and accrued expenses 885,559 552,180
Litigation liability (3,500,000)
Net cash used in operating activities (9,372,939) (4,191,284)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from public offering 2,249,993
Payments for issuance costs (453,368)
Issuance of common stock upon exercise of pre-funded warrants 7
Proceeds from insurance financing agreement 502,798
Payments to insurance financing agreement (197,274)
Net cash provided by financing activities 2,102,156
Net change in cash (7,270,783) (4,191,284)
Cash, beginning of period 9,141,512 18,995,284
Cash, end of period $ 1,870,729 $ 14,804,000