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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:        
Net loss     $ (6,280,143) $ (7,638,987)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization     11,461 634
Stockbased compensation     214,318 285,567
Foreign currency (gain) loss $ 5,502 $ (56,363) (50,674) (42,566)
Changes in operating assets and liabilities:        
Prepaid expenses and other current assets     (223,296) 410,246
Accounts payable     (703,473) 289,605
Accrued expenses     (67,470) 499,516
Deferred grant revenue     (478,235)  
Net cash used in operating activities     (7,577,512) (6,195,985)
Cash flows from investing activities:        
Purchases of property and equipment     (15,478)  
Net cash used in investing activities     (15,478)  
Cash flows from financing activities:        
Proceeds from issuance of common stock     15,999,598 5,788,918
Common stock issuance costs     (1,310,953) (648,928)
Net cash provided by financing activities     14,688,645 5,139,990
Change in cash and cash equivalents and restricted cash     7,095,655 (1,055,995)
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (7,238) (5,341)
Cash, cash equivalents and restricted cash-beginning of year     21,647,537 28,786,647
Cash, cash equivalents and restricted cash-end of period 28,735,954 27,725,311 28,735,954 27,725,311
Reconciliation of cash, cash equivalents and restricted cash        
Cash and cash equivalents 28,694,694 27,685,131 28,694,694 27,685,131
Restricted cash 41,260 40,180 41,260 40,180
Total cash, cash equivalents and restricted cash $ 28,735,954 $ 27,725,311 $ 28,735,954 $ 27,725,311