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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (10,214,365) $ (12,071,573)
Adjustment to reconcile net loss to net cash used in operating activities:    
Stock based compensation 1,235,342 1,577,540
Interest accrued on note receivable (27,219) (54,441)
Change in fair value of note receivable 560,473 37,416
Write-off of construction-in-process 747,348
Depreciation and amortization 280,775 246,695
Changes in operating assets and liabilities:    
Research and development tax incentive receivable 24,913 (122,269)
Prepaid assets and other current assets 586,432 767,746
Accounts payable 400,293 88,507
Accrued liabilities 872,739 (4,430)
Deferred revenue (76,000)
Operating lease obligation (41,130) (36,453)
Net cash used in operating activities (6,397,747) (8,823,914)
Cash flows from investing activities:    
Purchases of property and equipment (35,709)
Net cash used in investing activities (35,709)
Cash flows from financing activities:    
Sales of common stock through ATM 306,086
Payment of offering costs in connection with ATM (82,729) (77,149)
Sales of common stock and warrants through offerings, net of offering costs 5,102,519
Net cash provided by (used in) financing activities 5,325,876 (77,149)
Effect of exchange rate changes on cash and cash equivalents (19,044) (12,575)
Net change in cash and cash equivalents (1,090,915) (8,949,347)
Cash and cash equivalents at beginning of period 5,478,113 16,612,315
Cash and cash equivalents at end of period 4,387,198 7,662,968
Supplemental disclosure of cash flow information:    
Cash paid for income taxes
Cash paid for interest 22,988
Supplemental disclosure of non-cash investing and financing activities:    
Conversion of note receivable into common stock of Augmenta 1,776,746
Exchange of Augmenta common stock for common stock of Vaxanix $ 1,776,746