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Consolidated Statements of Cash Flows - USD ($)
1 Months Ended 11 Months Ended 12 Months Ended
Jan. 23, 2018
Dec. 31, 2018
Dec. 31, 2019
Cash flows from operating activities:      
Net loss $ (3,842,186) $ (11,870,228)
Adjustment to reconcile net loss to net cash used in operating activities:      
Stock based compensation 1,329,074 590,041
Changes in operating assets and liabilities:      
Prepaid assets (12,065) (1,080,397)
Accounts payable (1,833) (398,189) 12,449
Accrued research and development expense 1,132,013
Net cash used in operating activities (1,833) (2,126,988) (11,216,122)
Cash flows from investing activities:      
Net cash used in investing activities
Cash flows from financing activities:      
Net transfers from parent 1,833
Payment of offering costs (97,312)
Net proceeds from issuance of common stock in connection with IPO 21,851,160
Net proceeds from issuance of preferred stock 12,485,971 7,198,227
Net cash provided by financing activities 1,833 12,388,659 29,049,387
Net increase in cash and cash equivalents 10,261,671 17,833,265
Cash and cash equivalents at beginning of period 10,261,671
Cash and cash equivalents at end of period 10,261,671 28,094,936
Supplemental disclosure of non-cash investing and financing activities:      
Common stock issued to former parent for acquired assets 4,000
Accrued offering costs 30,456
Accrued dividend 728,350 875,359
Conversion of Series A Preferred Stock (including accrued dividends) to common stock 21,287,907
Offering costs netted with proceeds from IPO 97,312
Deemed dividend for beneficial conversion feature of Series A Preferred Stock $ 23,929,751