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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (37,268,007) $ (22,751,389)
Adjustment to reconcile to net loss to net cash used in operating activities:    
Depreciation expense 170,337 30,652
Right-of-use asset amortization 414,444 75,922
Intangible asset amortization 22,737  
Stock based compensation expense 3,016,283 1,170,040
Net amortization of premium on marketable securities 47,979 8,548
(Increase) decrease in:    
Accounts receivable 175,860 28,735
Prepaid expenses and other current assets 166,413 (3,122,547)
Other assets (356,117)  
Increase (decrease) in:    
Accounts payable 944,040 314,616
Accrued expenses 385,536 2,689,860
Lease liability (116,718) (56,329)
Other liabilities 44,562  
Net cash used in operating activities (32,352,651) (21,611,892)
Cash flows from investing activities:    
Purchases of property and equipment (673,181) (47,734)
Purchases of marketable securities (37,726,144) (52,760,299)
Maturities of marketable securities 72,078,000  
Net cash provided by (used in) investing activities 33,678,675 (52,808,033)
Cash flows from financing activities:    
Proceeds from exercise of stock options 258,281 346,915
Proceeds from initial public offering of common stock, net of commissions and underwriting   120,318,750
Payment of initial public offering costs   (2,124,317)
Payment of offering costs (54,600)  
Proceeds from exercise of warrants   927,125
Net cash provided by financing activities 203,681 144,257,324
Net increase in cash and cash equivalents 1,529,705 69,837,399
Cash and cash equivalents at beginning of period 74,888,145 37,090,151
Cash and cash equivalents at end of period 76,417,850 106,927,550
Supplemental disclosures of noncash information:    
Conversion of convertible Series A and B preferred stock into common stock   82,892,701
Reduction of right of use asset and lease liability in connection with lease modification 396,901  
Deferred offering costs included in accounts payable and accrued expenses $ 224,448  
Series B Preferred Stock    
Cash flows from financing activities:    
Proceeds from the issuance of Series B preferred stock, net of issuance costs   $ 24,788,851