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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:        
Net loss     $ (7,638,987) $ (106,195,167)
Adjustments to reconcile net loss to net cash used in operating activities:        
Acquired in-process research and development       72,523,293
Depreciation and amortization     634 6,666
Stockbased compensation     285,567 16,885,675
Amortization of right of use lease asset       120,795
Foreign currency gain $ (56,363) $ (154,566) (42,566) (290,777)
Changes in operating assets and liabilities:        
Prepaid expenses and other current assets     410,246 2,126,847
Accounts payable     289,605 2,288,527
Accrued expenses and other liabilities     499,516 (1,756,495)
Lease liability       (107,306)
Net cash used in operating activities     (6,195,985) (14,397,942)
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     (1,055,995) (14,397,942)
Effect of exchange rate changes on cash     (5,341) 384,305
Cash and cash equivalents-beginning of year     28,786,647 53,076,052
Cash and cash equivalents-end of period 27,725,311 39,062,415 27,725,311 39,062,415
Reconciliation of cash, cash equivalents and restricted cash        
Cash and cash equivalents 27,685,131 39,062,415 27,685,131 39,062,415
Restricted cash 40,180   40,180  
Total cash, cash equivalents and restricted cash $ 27,725,311 $ 39,062,415 $ 27,725,311 39,062,415
Non-cash investing and financing activities:        
Operating lease liabilities arising from obtaining right-of-use assets       123,786
Issuance of convertible preferred stock and common stock in connection with acquisition       $ 70,107,167