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Condensed Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (5,567,768) $ (5,594,358)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 292,363 313,679
Stock-based compensation 531,683 10,218
Gain on extinguishment of debt 0 (567,311)
Unrealized loss on investments, net 209,337 0
Reduction in the carrying amount of right of use asset 836 0
Changes in operating assets and liabilities:    
Accounts receivable (213,934) 2,450,000
Prepaid expenses and other assets 1,863,759 (563,436)
Accounts payable and other liabilities (1,347,729) 1,470,966
Operating lease liability (50,545) 0
Net cash used in operating activities (4,281,998) (2,480,242)
Cash flows from investing activities:    
Purchases of property and equipment (36,461) (23,279)
Proceeds for sale or maturities of short-term investments (7,999,840) 0
Net cash (used in) provided by investing activities 7,963,379 (23,279)
Cash flows from financing activities:    
Proceeds from issuance of common stock 8,273 22,850
Offering costs 0 (924,312)
Net cash (used in) provided by financing activities 8,273 (901,462)
Net changes in cash and cash equivalents 3,689,654 (3,404,983)
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 15,420,331 5,050,851
Non-cash operating, investing and financing activities:    
Cumulative dividends earned, accrued and forfeited in the reporting period 0 960,020
PPP loan forgiveness 0 567,311
Offering costs 0 2,264,688
Operating lease liabilities arising from obtaining right-of-use assets $ 269,134 $ 0