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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net loss $ (18,567,234) $ (11,870,228)
Adjustment to reconcile net loss to net cash used in operating activities:    
Stock based compensation 2,187,149 590,041
Changes in operating assets and liabilities:    
Prepaid assets (1,122,495) (1,080,397)
Accounts payable 862,676 12,449
Deferred research grant revenue 24,315
Accrued research and development expense 1,132,013
Net cash used in operating activities (16,615,589) (11,216,122)
Cash flows from investing activities:    
Purchases of property and equipment (1,102,808)
Net cash used in investing activities (1,102,808)
Cash flows from financing activities:    
Net proceeds from issuance of common stock in connection with IPO 21,851,160
Net proceeds from issuance of preferred stock 7,198,227
Net proceeds from issuance of common stock 24,280,283
Proceeds from issuance of common stock for stock option exercises 714,382
Net cash provided by financing activities 24,994,665 29,049,387
Effect of exchange rate changes on cash and cash equivalents (70,399)
Net increase in cash and cash equivalents 7,205,869 17,833,265
Cash and cash equivalents at beginning of year 28,094,936 10,261,671
Cash and cash equivalents at end of year 35,300,805 28,094,936
Supplemental disclosure of non-cash investing and financing activities:    
Accrued dividend 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
Cashless exercise of warrants 530
Issuance of common stock for accrued research and development expense $ 1,132,013