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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (4,379,890) $ (7,936,693)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 410 2,942
Stockbased compensation 16,244 2,084,060
Amortization of right of use lease asset   60,825
Foreign currency gain 13,797 (136,211)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 344,056 1,115,261
Accounts payable (16,727) 214,975
Accrued expenses and other liabilities 1,043,029 (840,380)
Lease liability   (60,108)
Net cash used in operating activities (2,979,081) (5,495,329)
Cash flows from financing activities:    
Proceeds from issuance of common stock 5,788,918  
Common stock issuance costs (648,928)  
Net cash provided by financing activities 5,139,990  
Change in cash and cash equivalents 2,160,909 (5,495,329)
Effect of exchange rate changes on cash 48,158 71,051
Cash and cash equivalents-beginning of year 28,786,647 53,076,052
Cash and cash equivalents-end of period $ 30,995,714 47,651,774
Non-cash investing and financing activities:    
Operating lease liabilities arising from obtaining right-of-use assets   $ 123,786