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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (7,433,608) $ (6,851,689)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 0 0
Change in fair value of warrant liabilities (456,177) (11,126)
Stock-based compensation expense 369,075 51,527
Changes in operating assets and liabilities:    
Prepaid clinical trial costs (701,307) (26,035)
Prepaid expenses and other current assets (488,744) (1,216,117)
Accounts payable 1,871,347 (659,693)
Accrued expenses and other current liabilities (4,886,395) 761,736
Net cash used in operating activities (11,725,809) (7,951,397)
Cash flows from financing activities    
Proceeds from issuance of short-term debt 415,000 667,500
Repayment of short-term debt (83,000) 0
Proceeds from exercise of warrants 0 19,593
Net cash provided by financing activities 332,000 687,093
Net decrease in cash and cash equivalents (11,393,809) (7,264,304)
Cash and cash equivalents, beginning of period 23,367,456 18,519,856
Cash and cash equivalents, end of period 11,973,647 11,255,552
Supplemental disclosures of cash flow information:    
Cash paid for taxes 657 2,241
Cash paid for interest $ 3,487 $ 0