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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:        
Net loss     $ (10,063,912) $ (10,843,502)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization     16,890 2,066
Stockbased compensation     363,408 361,598
Foreign currency (gain) loss $ 35,494 $ 2,880 (15,180) (39,686)
Changes in operating assets and liabilities:        
Prepaid expenses and other current assets     398,531 1,077,138
Accounts payable     (515,964) 21,873
Accrued expenses     299,387 982,563
Deferred grant revenue     (528,974)  
Net cash used in operating activities     (10,045,814) (8,437,950)
Cash flows from investing activities:        
Purchases of property and equipment     (15,478) (85,943)
Net cash used in investing activities     (15,478) (85,943)
Cash flows from financing activities:        
Proceeds from issuance of common stock     15,999,598 5,788,918
Common stock issuance costs     (1,312,108) (648,928)
Net cash provided by financing activities     14,687,490 5,139,990
Change in cash and cash equivalents and restricted cash     4,626,198 (3,383,903)
Effect of exchange rate changes on cash, cash equivalents and restricted cash     17,427 (8,782)
Cash, cash equivalents and restricted cash-beginning of year     21,647,537 28,786,647
Cash, cash equivalents and restricted cash-end of period 26,291,162 25,393,962 26,291,162 25,393,962
Reconciliation of cash, cash equivalents and restricted cash        
Cash and cash equivalents 26,249,625 25,353,513 26,249,625 25,353,513
Restricted cash 41,537 40,449 41,537 40,449
Total cash, cash equivalents and restricted cash $ 26,291,162 $ 25,393,962 $ 26,291,162 $ 25,393,962