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Condensed Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (2,057,207) $ (2,843,996)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 142,785 158,806
Stock-based compensation 260,348
Gain on extinguishment of debt 0 567,311
Unrealized loss on investments, net 185,122 0
Reduction in the carrying amount of right of use asset 209 0
Changes in operating assets and liabilities:    
Accounts receivable (420,007) 1,200,000
Prepaid expenses and other assets 1,380,215 150,356
Accounts payable and other liabilities (1,071,084) 713,055
Operating lease liability (12,543)
Net cash used in operating activities (1,592,162) (1,489,802)
Cash flows from investing activities:    
Purchases of property and equipment (23,554) (23,279)
Proceeds for sale or maturities of short-term investments (7,999,840) 0
Net cash (used in) provided by investing activities 7,976,286 (23,279)
Cash flows from financing activities:    
Proceeds from issuance of common stock 2,273 13,385
Offering Cost 100,000
Net cash (used in) provided by financing activities 2,273 (86,615)
Net changes in cash and cash equivalents 6,386,397 (1,599,696)
Cash and cash equivalents at the beginning of the period 11,730,677 8,455,834
Cash and cash equivalents at the end of the period 18,117,074 6,856,138
Non-cash operating, investing and financing activities:    
Cumulative dividends earned, accrued and forfeited in the reporting period 477,358
PPP loan forgiveness 567,311
Offering costs 200,000
Operating lease liabilities arising from obtaining right-of-use assets $ 306,509